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About This Home
This 0-bedroom, 1-bathroom commercial at 760 Montauk Highway in Water Mill, NY is listed for $1,600,000 ($851 per sqft). Built in 2002, the home offers 1,880 sqft of living space on a 3.65 acres lot.
Rare Hamptons Off-Premise License Business - At A Signalized CornerTurnkey Business Sale In A Core Hamptons Retail Corridor - Water Mill Wine & Spirits is being offered as a going-concern acquisition, delivering a ready-to-operate wine & spirits retail platform with established branding, operating systems, vendor relationships, and an existing local and seasonal customer base.
Operating financials will be shared separately upon qualified interest. - Signalized Corner Presence Within A High-Activation Retail Destination - The business is positioned at a highly visible traffic-light intersection within one of Water Mill's most active shopping environments.
The center is anchored by 154 parking spaces-one of the largest parking fields in the Hamptons-plus 9 Tesla Superchargers, driving steady daily visitation and repeat trips. Spanning approximately 3.65 acres, the site functions as a true convenience-and-destination hub, further amplified by immediate adjacency to a newly developed, fully sold-out 38
-unit luxury townhome community, which adds a built-in, year-round customer base and ongoing neighborhood density. - End-Cap Retail Space With Abundant Natural Light - The store occupies an end-cap position within the shopping center, amplifying frontage and visibility.
The premises total 1,880sf and feature southern window exposure, creating a bright, premium retail environment well-suited for curated displays, gifting, and high-margin merchandising. - Streamlined, Modern Retail Operations With Growth Upside - The business is organized for efficient day-to-day management with established purchasing/vendor channel
s, inventory and merchandising systems, and a customer-forward retail setup that can be further expanded through hospitality relationships, private client outreach, and enhanced seasonal marketing. - Off-Premise Liquor License Advantage - The offering includes an off-premise retail license, meaning alcohol is sold for consumption off the premises (
i.e., packaged goods to-go), as opposed to an on- premise bar/restaurant license where alcohol is served for on-site consumption. In the Hamptons, these off-premise licenses are limited and difficult to replicate, creating a meaningful barrier to entry and long-term value for operators. - Offering Structure: Offer Price: $1,600,000 comprised of $1,200,000 key money plus $400,000 inventory at cost. Inquire with the Hamptons Commercial RE Team for additional transaction details.
Key Features
- Built in 2002
- 3.65 acre lot
Property Details
Monthly Cost Estimate
$8,557/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
760 Montauk Highway
Water Mill, NY 11976
Property Details
Construction
Parking
Questions & Answers
This 0-bedroom, 1-bathroom commercial at 760 Montauk Highway is listed at $1,600,000 ($851/sqft). The estimated monthly payment is $6,933 based on 20% down at 6.5% interest.
Key features include: Built in 2002, 3.65 acre lot.
This property is listed by Hal Zwick and can be reached at 6316782460 or hal.zwick@compass.com.







