SOUTHAMPTON VILLAGE-COMMERCIAL-RESIDENTIAL INVESTMENT $2.855.000


Property

Website:https://www.nestseekers.com/424938
Address:
264 North Sea Road
Southampton, NY 11968
Ownership: For Sale
Type: House
Bedrooms: 12 BR
Bathrooms: 8
Area: 5000 sq ft
Lot Size: 0.90 Acres

Financials

Price: $2,855,000

Mortgage Calculator

Description

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.

Amenities

  • Pool
  • South of Highway
  • Tennis court

Contact

Alex Piccirillo
Licensed Associate Real Estate Broker
Licensed as "Alexander Piccirillo"
Susan Alvine
Licensed Real Estate Salesperson
46 Newtown Lane, East Hampton , NY 11937

264 N Sea Rd, Southampton, NY 11968, USA