Nest Seekers

A Rare Development amp ; Investment Opportunity This is far more than three homes it's a unique opportunity to acquire three adjoining properties totaling over 3 acres in one of ...

Blooming Grove, NY 10950

Listing

Web ID:5800157
Website:https://www.nestseekers.com/5800157

Property

Ownership: For Sale
Type: Single Family
Rooms: 6
Bedrooms: 3 BR
Bathrooms: 1½
Area: 1678 sq ft
Lot Size: 1 Acres

Financials

Price:$999,000
Annual Taxes:$12,873.38

Description

**A Rare Development & Investment Opportunity** This is far more than three homes—it's a unique opportunity to acquire **three adjoining properties totaling over 3 acres** in one of the area's fastest-growing locations: **234 Prospect Road • 236 Prospect Road • 242 Prospect Road** Being sold together, these three properties create a rare opportunity for **larger land, greater development potential, and multiple income possibilities.** The true value lies in the potential to **combine the parcels and pursue a potential multi-lot subdivision**, with the possibility of constructing multiple homes (subject to all municipal approvals). Strategically positioned **right at the boundaries of major new residential construction and rapidly expanding communities**, this property sits directly in the path of growth while remaining conveniently close to major shopping and surrounding areas. While pursuing future development, the **three existing homes provide immediate income-producing opportunities**, including long-term rentals, large-group or short-term rentals, or personal use while preserving the property's future potential. Whether you're a **developer, investor, or visionary buyer**, this is an exceptionally rare opportunity to acquire multiple adjoining properties with **existing income, substantial land, and significant long-term upside.** surrounding new construction, and remarkable potential of this one-of-a-kind opportunity.**

Amenities

  • Electricity Connected
  • Other
  • Phone Available
  • Trash Collection Public

Contact

Bridgehampton, NY
2415 Montauk Highway PO Box 742, Bridgehampton, NY 11932
Phone: +1 631-353-3427
Fax: +1 631-614-7858
hamptonsinfo@nestseekers.com
Listing Courtesy of eRealty Advisors, Inc
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