Commercial Land for Sale in East Hampton, New York

The Largest East Hampton Village Commercial Assemblage To Hit The Market 1.97 Acres | Two Parcels | 21,000sf | 6 Buildings | Redevelopment Potential -3 & 9 Railroad Avenue, East Hampton, NY. 11937 -Once-In-A-Lifetime Development Canvas - A trophy holding embedded in one of the nation's most prized luxury villages, offering the rare ability to control, curate, & elevate a marquee commercial footprint where true scale is almost never available. - Irreplaceable Opportunity In A Supply-Constrained Market - Legacy assets of this stature can be counted on one hand. The assemblage's contiguous, multi-structure format supports a flagship occupancy strategy, a deliberately programmed multi-tenant destination, or a long-hold platform designed to compound value through stewardship and selective repositioning. - Iconic Destination Potential In The Village Ecosystem - Directly integrated into the Village's core activity and adjacent to the East Hampton LIRR Station, the property can evolve from a cornerstone holding into an iconic, regionally known destination. - Flexible Grandfathered Commercial Utility - The assemblage supports a wide range of fitness, service, retail, warehouse, and office-oriented uses. This flexibility creates a durable platform for stable operations today and strategic development repositioning over time. - 3 Railroad Avenue - 15,780sf across five buildings on 1.7 acres. - 9 Railroad Avenue - 5,500sf across two buildings on 0.30 acres. - Multi-Parcel Control In A Supply-Constrained Village Market - 3 & 9 Railroad Avenue form a two-parcel commercial assemblage totaling 1.97 acres with 21,280sf of leasable space - an exceptionally uncommon scale in East Hampton Village. With expansive yard areas, multiple access points, and a diversified building mix, this offering presents a true "campus" opportunity for investors & end users seeking long-term control in a market defined by scarcity. - Diversified Improvements With Substantial In-Place Income - The existing configuration has historically maintained strong occupancy. The property offers meaningful current income with clear pathways to near-term rent uplift through lease-up, re-tenanting, and modernization - achievable with reasonable CapEx - creating immediate upside without redevelopment risk. - A wide range of possible redevelopment scenarios, but all of them are a generational opportunity. - A near-term alternative to a total redevelopment would be an enhancement of the current configuration. - All plans subject to approvals by East Hampton Village and Suffolk County Health Dept. - Asking Price: $24,750,000. - Inquire with the Hamptons Commercial RE Team for additional information.