45 S Elmwood Avenue, Montauk, NY 11954

Property Description

Set in the heart of Montauk, the location benefits from one of the East End’s most recognizable year-round and seasonal destinations. Positioned one block from the beach and directly below the main traffic circle, the area sits along a prime beach-town pedestrian corridor and experiences strong vehicle traffic at the main circle. Montauk is known for its vibrant downtown, established hospitality scene, and steady flow of visitors drawn to its beaches, marinas, restaurants, and retail corridors. Nearby points of interest include Kirk Park Beach, the Montauk Point Lighthouse, Lake Montauk, and the Long Island Rail Road’s Montauk station. The area is also known for popular dining and gathering spots such as The Surf Lodge and Gosman’s Dock. For an investor, Montauk offers irreplaceable coastal retail in one of the most supply-constrained markets in the Hamptons, with destination traffic, visibility, and a distinct identity that continues to attract locals and visitors alike. An exceptional opportunity to acquire a 2,800 SF retail building with a full basement on an approximately 0.07 acre lot in Montauk. The property includes an operating laundromat and is offered with fee simple ownership, creating a compelling investment without landlord risk.