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$4,250,000
Est. payment /mo
2 Baths
5,847 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,847 sqft
Price per Sqft $726
MLS Listing ID 11571451
Full Baths 2
Annual Tax Amount $9,651
Property Description
Southampton Village Retail - Highly Recognized Freestanding Building For Sale Retail Corner at Village Gateway - Positioned at the northern entrance to Southampton Village's commercial core, this 0.17-acre corner property offers unmatched visibility between County Road 39 and the Village center. According to a 2023 MPSI study, North Sea Road carries an average daily vehicle count of 12,000 cars, underscoring the site's prominence. Directly adjacent to Tate's Bake Shop-a regional tourism draw-this location also benefits from the soon-to-open Red Horse Market grocery store and the nearby Post Office, creating a uniquely trafficked corridor that consistently attracts both destination shoppers and everyday consumers. Multi-Level Retail Building with Flexible Layout - The 5,847sf structure spans a ground floor, second floor, and mezzanine level, with a mix of dedicated on-site parking and adjacent street parking. The ground floor features an expansive retail floor, raised display platform, back office/storage, kitchen, and three powder rooms, all framed by extensive windows for abundant natural light. Both the second floor and mezzanine offer a combination of display and storage space, with the exterior showcasing a display patio, landscaped frontage, & private parking lot. Adaptive Opportunity in OD Zoning - Located in the Office District (OD) within the Historic District Overlay, the property allows for a range of uses under current zoning, offering an attractive platform for an owner-operator or investor repositioning. Estimated achievable rent in its current configuration is $240,000 annually, creating immediate income potential alongside long-term upside.
Location
State NY
County 36103
Rooms
Dining Room 0
Kitchen 0
Building
Water Community
Structure Type Masonry - Brick
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