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162 Mill Rd 3,468 SF 100% Leased Retail Building Westhampton Beach, NY 11978 $1,950,000 ($562.28/SF)
EXECUTIVE SUMMARY
After over 100 years of being in business as a family run luncheonette this prime business location is for sale. The building was built in the early 1900's and has been renovated over the years. The rear full size kitchen was added in 1998. The first floor is a 60 seat restaurant featuring the original tin ceiling, hand laid tile floor, and high ceilings. On the first floor there is a 1/2 bath, full commercial kitchen with direct access to a walk in refrigerator. The second floor is the primary residents of the owners. There are a total of 6 rooms, 4 bedrooms, 1 large living room and a full bathroom. Access is from the outside of the residents. The rear of the basement is a full basement. The basement extends as a Dutch basement to the front of the building. 158 Mill Road is also included in this purchase. This is currently the parking lot in the front and outdoor seating in the rear.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,468 SF
Building Class
B
Year Built
2000
Price
$1,950,000
Price Per SF
$562.28
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.88
Lot Size
0.09 AC
Zoning
B1
Parking
10 Spaces (2.88 Spaces per 1,000 SF Leased)
Frontage
75’ on Mill Rd
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0905-012-00-01-00-034-000 | Improvements Assessment | $211,200 |
| Land Assessment | $527,700 | Total Assessment | $738,900 |
PROPERTY TAXES
Parcel Number
0905-012-00-01-00-034-000
Land Assessment
$527,700
Improvements Assessment
$211,200
Total Assessment
$738,900
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162 Mill Rd
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