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26-28 Jagger Ln 2,160 SF 100% Leased Retail Building Southampton, NY 11968 $3,625,000 ($1,678.24/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Conveniently located across the street from Southampton’s only major grocery store Stop & Shop
- Property has ample parking of over 24 spaces.
- Located near Stop & Shop, CVS, Catena's Food Market, Bank Of America, Tate’s Bake Shop, Union Burger Bar, Starbucks and more.
- The Town of Southampton is considered a popular seasonal resort area drawing thousands of visitors and seasonal residents.
EXECUTIVE SUMMARY
Silber Investment properties is proud to exclusively represent 26-28 Jagger Lane Southampton, NY. Located directly across the street from the only major supermarket (Stop & Shop) in Southampton. The strip center consists of 4 retail tenants and an oversized parking lot consisting of over 24 parking spaces. The Nail Salon and the Liquor Store are long term tenants and have been operating out of this location for over 13 years. This is a rare and unique opportunity to purchase a retail strip in the sought after market of Southampton.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,160 SF
Building Class
B
Year Built
1984
Price
$3,625,000
Price Per SF
$1,678.24
Cap Rate
6.50%
NOI
$235,617
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.22 AC
Zoning
VILLA
Parking
9 Spaces (4.17 Spaces per 1,000 SF Leased)
Frontage
59’ on Jagger Ln
AMENITIES
- Dedicated Turn Lane
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0904-006-00-02-00-007-003 | Improvements Assessment | $0 |
| Land Assessment | $575,000 | Total Assessment | $575,000 |
PROPERTY TAXES
Parcel Number
0904-006-00-02-00-007-003
Land Assessment
$575,000
Improvements Assessment
$0
Total Assessment
$575,000
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26-28 Jagger Ln
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