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715 County Rd 39 2,940 SF Retail Building Southampton, NY 11968 $3,500,000 ($1,190.48/SF) 5.50% Cap Rate
EXECUTIVE SUMMARY
High-Visibility Fully Renovated Commercial Property
Looking for a commercial property with unmatched visibility in the Hamptons? This 0.92-acre fully renovated site sits on County Road 39, one of Southampton's busiest corridors, where every car traveling in and out of the Hamptons passes by. Surrounded by strong neighboring businesses, including the Mercedes-Benz dealership just down the road, the property offers incredible exposure and flexibility with a current footprint of 4,637 +/- sq. ft. across two structures, plus an unfinished but functional attic adding another 900 +/-sq. ft. of potential. The front building features a lobby with an office and half bath, plus a two-bay garage with 14' ceilings currently used as a car dealership. On the side, a three-car garage with 14' ceilings and an office is ideal for a mechanic, detailer, or service business, while a separate rear building provides another three-car garage currently used for storage. Parking is plentiful, with spaces throughout the property and a secured rear lot that can accommodate 40+/- vehicles, complete with perimeter fencing, one-way entry/exit, and full camera surveillance. With existing tenants already in place, generating income and plenty of space and possibilities for future expansion, this property presents a rare opportunity to own a highly visible commercial site in one of Southampton's most active locations.
Looking for a commercial property with unmatched visibility in the Hamptons? This 0.92-acre fully renovated site sits on County Road 39, one of Southampton's busiest corridors, where every car traveling in and out of the Hamptons passes by. Surrounded by strong neighboring businesses, including the Mercedes-Benz dealership just down the road, the property offers incredible exposure and flexibility with a current footprint of 4,637 +/- sq. ft. across two structures, plus an unfinished but functional attic adding another 900 +/-sq. ft. of potential. The front building features a lobby with an office and half bath, plus a two-bay garage with 14' ceilings currently used as a car dealership. On the side, a three-car garage with 14' ceilings and an office is ideal for a mechanic, detailer, or service business, while a separate rear building provides another three-car garage currently used for storage. Parking is plentiful, with spaces throughout the property and a secured rear lot that can accommodate 40+/- vehicles, complete with perimeter fencing, one-way entry/exit, and full camera surveillance. With existing tenants already in place, generating income and plenty of space and possibilities for future expansion, this property presents a rare opportunity to own a highly visible commercial site in one of Southampton's most active locations.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,940 SF
Building Class
B
Year Built
1965
Price
$3,500,000
Price Per SF
$1,190.48
Cap Rate
5.50%
NOI
$192,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.92 AC
Zoning
HB - HB
Parking
6 Spaces (2.04 Spaces per 1,000 SF Leased)
Frontage
55’ on North Hwy
PROPERTY TAXES
| Parcel Number | 0900-158-00-01-00-009-000 | Improvements Assessment | $1,053,200 |
| Land Assessment | $303,400 | Total Assessment | $1,356,600 |
PROPERTY TAXES
Parcel Number
0900-158-00-01-00-009-000
Land Assessment
$303,400
Improvements Assessment
$1,053,200
Total Assessment
$1,356,600
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715 County Rd 39
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