Warm memories are immediately evoked when one mentions "The Penny Candy Store" located in Water Mill. Now you can own this prime location in the heart of the hamlet of Water Mill. The building includes the charming and sizeable storefront with 2 large windows Highway facing and an attached, two-bedroom, one-bath home with ground floor living room and full kitchen with an additional half bathroom inside the storefront. Let your imagination run wild with the various opportunities. Also available but, separate is 706 Montauk Highway, a large barn.