SOUTHAMPTON VILLAGE-COMMERCIAL-RESIDENTIAL INVESTMENT $2.855.000
Website: | https://www.nestseekers.com/424938 |
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Address: | 264 North Sea Road Southampton, NY 11968 |
Ownership: | For Sale |
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Type: | House |
Bedrooms: | 12 BR |
Bathrooms: | 8 |
Area: | 5000 sq ft |
Lot Size: | 0.90 Acres |
Financials
Price: | $2,855,000 |
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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
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 , NY 11937 Phone: +1631-324-1050 Fax: +1631-287-9261 |