Water Mill retail property fetches $13.1M | Long Island Business News
The six-building, 29,500-square-foot retail complex is on 3.64 acres.
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The six-building, 29,500-square-foot retail complex is on 3.64 acres.
Vault Development Partners, a boutique real estate investment company, officially purchased the Water Mill property last week.
While residential real estate has slowed from the feverish pace of the COVID-19 pandemic, commercial sales in the Hamptons have been making headlines in recent weeks.
The 8,700-square-foot building situated prominently on a Southampton Village corner is asking $7.9 million or $400,000 a year for the lease.
The Mill shopping center in Water Mill will soon be under new ownership with a vision to fully cultivate it into a destination stop.