2 Ponquogue, Hampton Bays, NY 11946

Core Investment Thesis - Located in downtown Hampton Bays, this 1,038sf commercial asset on 0.03-acres presents a premier opportunity within the Village Business (VB) zoning district. Situated just one parcel off the epicenter intersection of Ponquogue Avenue and Montauk Highway, the property combines immediate high-visibility storefront space with significant long-term value-add potential. Featuring dual entrances, versatile multi-tenant layout options, dedicated rear parking, and upcoming town sewer infrastructure, this asset offers an exceptional foundation for an owner-operator or forward- thinking investor. Unrivaled Epicenter Location - Positioned in the heart of Downtown Hampton Bays, the asset benefits from high foot and vehicular traffic driven by its proximity to Montauk Highway. The parcel directly adjoins the hamlet's main public parking lot, ensuring maximum convenience for customers and clients. This strategic location places the building at the center of ongoing downtown revitalization efforts designed to enhance pedestrian activity and drive long- term commercial vibrancy across the corridor. Versatile Layout & Multi-Tenant Upside - Currently configured as a unified storefront with two separate street-facing entrances, the interior allows for immediate single-tenant occupancy or an effortless conversion back into a multi-tenant commercial setup. The un-updated 1962 Certificate of Occupancy reflects three historical uses - an apartment, a one-story frame structure, and a garage - establishing a strong precedent for multi-use operations. Investors can capitalize on this floor plan to divide the footprint and cultivate multiple revenue streams. Expanded Uses & Sewer Infrastructure - The property's Village Business (VB) zoning permits a wide spectrum of commercial, retail, and professional service uses. Future utility and development potential will expand significantly with the creation of the planned Town Sewer District. This major municipal infrastructure upgrade will unlock enhanced density options and broader commercial write- ups, providing substantial upside to long-term land and asset value. Classic East End Aesthetic & Access - Built with a classic brick facade and complemented by traditional cedar roof shingles, the building offers timeless East End curb appeal. Logistics and accessibility are seamlessly handled through direct street parking, dedicated rear employee parking, and immediate adjacency to the main municipal lot. This combination of architectural charm, parking convenience, and prime positioning creates a turn-key commercial hold in a rapidly growing hamlet center. Surrounding Neighbors - Francesca's, Jundae Salon, US Post Office, UPS Store, Walgreens, Starbucks, Skidmore's Sports, Allstate, Antojitos Bites, Tony's Fusion Express, The Rod and Reel