# 760 Montauk Highway, Water Mill, NY 11976

> **TL;DR:** 0bd/1ba commercial, $1,600,000 ($851/sqft), built 2002, 1,880 sqft. Est. $6,933/mo. Listed 51 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,600,000 |
| Price/sqft | $851 |
| Bathrooms | 1 half |
| Square Feet | 1,880 |
| Year Built | 2002 |
| Lot Size | 158,994 sqft (3.65 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 51 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $6,933 |
| **Total** | **$6,933** |

## Property Highlights

- Built in 2002
- 3.65 acre lot

## Description

### Agent Description
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 channels, 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.

## Location

- **Address:** 760 Montauk Highway, Water Mill, NY 11976
- **County:** Suffolk
- **Coordinates:** 40.911382, -72.351693
- **Google Maps:** https://www.google.com/maps?q=40.911382,-72.351693

## Listing Agent

- **Name:** Hal Zwick
- **Brokerage:** Compass
- **Phone:** 6316782460
- **Email:** hal.zwick@compass.com

## Primary Photo

![760 Montauk Highway - Primary Photo](http://lh.rdcpix.com/a627821980bd5887d3e80f50ed6a9468l-f2918222658r.jpg)

*8 total photos available on [listing page](https://www.propertysimple.com/listing/760-montauk-highway-water-mill-ny-11976-11658706)*

---

**MLS#:** 11658706 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/760-montauk-highway-water-mill-ny-11976-11658706)

---

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