Ownership: | For Sale |
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Type: | House |
Bedrooms: | 12 BR |
Bathrooms: | 8 |
Area: | 5000 sq ft |
Lot Size: | 0.90 Acres |
Price: | $2,855,000 |
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![]() | Licensed Associate Real Estate Broker Licensed as "Alexander Piccirillo" Mobile: +1516-313-1110 Phone: +1631-324-1050ext4355 |
![]() | Licensed Real Estate Salesperson Mobile: +1732-688-5921 Phone: +1631-324-1050 ext4339 |
46 Newtown Lane, East Hampton ,11937 Phone: +1631-324-1050 Fax: +1631-287-9261 |
This shy acre, pre-existing and non-conforming rental offers a considerable ROI. Stretching 400 ft. deep from North Sea Rd., the front 200 ft. is zoned Commercial/Office and presently houses three (3) offices. The back half of the property, zoned residential, has three (3) independently sustained cottages. All units are occupied and generate over 6.7% cap. Another potential lies in development. The commercial portion, under village consideration for retail zoning, will presently accommodate an 10,500 sq.ft. office building while the rear residential portion supports a new 2,600 sq.ft. house. Enter the village fast becoming a medical and legal professional center of the East End.
This shy acre, pre-existing and non-conforming rental offers a considerable ROI. Stretching 400 ft. deep from North Sea Rd., the front 200 ft. is zoned Commercial/Office and presently houses three (3) offices. The back half of the property, zoned residential, has three (3) independently sustained cottages. All units are occupied and generate over 6.7% cap. Another potential lies in development. The commercial portion, under village consideration for retail zoning, will presently accommodate an 10,500 sq.ft. office building while the rear residential portion supports a new 2,600 sq.ft. house. Enter the village fast becoming a medical and legal professional center of the East End.
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.