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25 West Neck Rd 6,630 SF 66% Leased Retail Building Shelter Island, NY 11964 $1,875,000 ($282.81/SF)
Investment Highlights
- Strong investment opportunity offering multiple buildings, warehouse space, established tenants, and flexibility for owner occupancy.
- Ideally located in a scenic and historic coastal community, this property offers strong business functionality, ample parking, and access to a vibrant
- Central location - limited commercial properties available on the island, cmoes with grease trap, grill and walk in refrigerator.
Executive Summary
25 West Neck consists of 3 single and separate buildings -
Building 1 - consists of 2 retail spaces - 48 x 34.2 with basement. Two separate furnaces and two 275 gallon tanks.
Two tenants occupy this building - Tenant 1 is a bagel company occupying 1,655 sq ft front entry with 7ft overhang porch. Full Board of Health Approval, New air Conditioner/Heater 2018, Industrial Exhaust 2020, Fire Suppression System., Walk-in refrigerator, Grease Trap 2024, Enclosed Trash Area.
Tenant 2 is currently configured as a Dog Grooming Business - the new tenant of this space is going to renovate and turn this space into a construction office.
Building 2 - consists of 1 retail space - 24.3 x 33.5 - has its own furnace and fuel tank. This space was occupied until recently by a hairdresser.
Building 3 - consists of one large warehouse space with a drive-thru electric door, pad dumpster, six inch concrete floor and 100 amp power source. This could serve as a storage unit or an operational garage.
Building 1 - consists of 2 retail spaces - 48 x 34.2 with basement. Two separate furnaces and two 275 gallon tanks.
Two tenants occupy this building - Tenant 1 is a bagel company occupying 1,655 sq ft front entry with 7ft overhang porch. Full Board of Health Approval, New air Conditioner/Heater 2018, Industrial Exhaust 2020, Fire Suppression System., Walk-in refrigerator, Grease Trap 2024, Enclosed Trash Area.
Tenant 2 is currently configured as a Dog Grooming Business - the new tenant of this space is going to renovate and turn this space into a construction office.
Building 2 - consists of 1 retail space - 24.3 x 33.5 - has its own furnace and fuel tank. This space was occupied until recently by a hairdresser.
Building 3 - consists of one large warehouse space with a drive-thru electric door, pad dumpster, six inch concrete floor and 100 amp power source. This could serve as a storage unit or an operational garage.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,630 SF
Building Class
C
Year Built
1974
Price
$1,875,000
Price Per SF
$282.81
Percent Leased
66%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.42
Lot Size
0.36 AC
Zoning
B - Business District see attached list of uses
many uses under the zoning, 3 buildings, retail, office, warehouse
Parking
10 Spaces (1.51 Spaces per 1,000 SF Leased)
Frontage
60’ on west neck rd
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 26
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Presented by
Douglas Elliman
25 West Neck Rd
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