264 North Sea Rd, Southampton

Southampton Village-commercial-residential Investment $2.855.000
$2,855,000
Beds
I bed 12
Baths
I bath 8
Acres
I acre 0.9 0.9
Sq. ft.
I sqft 5,000 5K
Description

This shy acre, pre-existing and non-conforming rental offers a considerable ROI. Stretching 400 ft. deep from North Sea Rd., the front 200 ft. is zoned Commercial/Office and presently houses three (3) offices. The back half of the property, zoned residential, has three (3) independently sustained cottages. All units are occupied and generate over 6.7% cap. Another potential lies in development. The commercial portion, under village consideration for retail zoning, will presently accommodate an 10,500 sq.ft. office building while the rear residential portion supports a new 2,600 sq.ft. house. Enter the village fast becoming a medical and legal professional center of the East End.

Amenities
Garage
Heat
Other
Basement
Bathroom on First Floor
Breakfast Area
Beach Rights
Location
I circle beach
Nearby Beaches
Little Plains Beach I walk 40 min
Cryder Beach I drive 8 min
Coopers Beach I drive 7 min
I circle transportation
Nearby Transportation
PedalShare: A Butler's Manor - I drive 5 min
Southampton - LIRR I walk 4 min
Southampton - Hamptons Luxury Liner I drive 5 min
Listing info
264 North Sea Rd
$2,855,000