Monroe, NY 10950

Property

Ownership: For Sale
Type: Single Family
Rooms: 7
Bedrooms: 3 BR
Bathrooms:
Lot Size: 0.9 Acres

Financials

Price:$999,000
Annual Taxes:$13,379.71
2415 Montauk Highway PO Box 742, Bridgehampton, NY 11932
Listing Courtesy of eRealty Advisors, Inc

Rare Development amp ; Investment Opportunity A truly one of a kind opportunity to acquire three adjoining properties together 234 Prospect Road 236 Prospect Road 242 Prospect Road Together, these ...

Description

Rare Development & Investment Opportunity A truly one-of-a-kind opportunity to acquire three adjoining properties together: 234 Prospect Road 236 Prospect Road 242 Prospect Road Together, these properties offer over 3 acres in one of the area's fastest-growing locations. The true value lies in the opportunity to combine all three parcels and pursue a potential 14 side-by-side homes, with the potential to create a 35-home development (subject to all required approvals). Opportunities of this size, location, and flexibility rarely become available. Ideally situated between rapidly expanding residential communities and major shopping destinations, this property offers exceptional long-term growth potential. While planning for future development, the existing three homes provide immediate income in virtually any way you choose—continue with the current tenants, lease to long-term tenants, accommodate large groups for weekend or seasonal rentals, create a private compound, or customize the properties to fit your own investment strategy. Whether you're a developer, investor, or end user, the possibilities are truly endless. See the attached development concept, subdivision plans, and location maps to fully appreciate this exceptional opportunity.

Amenities

  • Cable Connected
  • Other

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.