715 County Road 39Southampton, NY 11968

Property Details for 715 County Road 39

Year built

1991

Lot size

0.92 AC

Property size (Sq ft)

2,610 SF

Zone code

HB

Property type

Auto shops

APN

0900-158.00-01.00-009.000

APU

900158000100009000

Description

This exceptional 3,400 square foot retail property in Southampton, NY, presents a lucrative investment or owner-user opportunity. Situated on a 0.92-acre lot in the Highway Business Zone, the property boasts 132 feet of prime road frontage, ensuring maximum visibility and accessibility. The main building, currently leased to a car dealership until May 2025, features 3,400+ square feet of space and includes two 8-foot overhead doors, ideal for various commercial uses. Attached to the main building is a three-bay repair garage, rented month-to-month, equipped with 12-foot overhead doors. A separate, detached three-bay garage with 8-foot overhead doors provides additional storage or workspace. This property's strategic location, ample space, and versatile layout make it an attractive proposition for both investors seeking strong rental income and businesses looking to establish a prominent presence in a high-traffic area. The existing leases provide immediate cash flow, while the versatile space allows for a wide range of potential uses. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Southampton location.

• CAP approach

  CAP return

  Valuation

  6%

  $709,248

  6.5%

  $654,690

  7%

  $607,927

• Comparable approach

  Method

  Valuation

  Relative Method

  $859,377

  Geo Method

  $859,377

• Alternative Use

  Use

  Valuation

  Residential

  $552,256

  Hospitality

  $505,863

  Educational

  $420,872

  Medical

  $435,347

  Retail

  $654,690

Location Insight

City

Southampton

County

Suffolk

State

New York

Latitude

40.8946

Longitude

-72.4229

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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