54 Industrial RdWainscott, NY 11975

Property Details for 54 Industrial Rd

Lot size

1.80 AC

Property type

Showrooms

APN

0300-192.00-03.00-039.000

APU

300192000300039000

Description

This exceptional investment opportunity presents a 6,000-square-foot industrial warehouse situated on a 1.837-acre lot in Wainscott, NY. Located at 54 Industrial Rd, this Class B property, built in 1950, offers a unique blend of office and warehouse space. The existing structure comprises 2,400 square feet of office space and 3,600 square feet of high-ceiling warehouse space, accessible via roll-up doors. The property's prime location within East Hampton Town's main industrial corridor, just south of East Hampton Airport, provides excellent access and visibility. The substantial lot size presents significant expansion potential, with approvals potentially allowing for the construction of a 39,000+ square-foot self-storage facility. This versatile property is ideal for owner-operators or investors seeking a strong return. The surrounding area includes established businesses such as Local TV Inc., Cedar Design, and East End Excavating Corp., among others, indicating a thriving commercial environment. The asking price is $6,250,000. This is a rare opportunity to acquire a well-located industrial property in the highly desirable East Hampton area. The property includes a mix of outdoor and indoor storage space, making it suitable for a variety of uses.

• CAP approach

  CAP return

  Valuation

  6%

  $21,306,970

  6.5%

  $19,667,972

  7%

  $18,263,118

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,816,868

  Geo Method

  $25,816,868

• Alternative Use

  Use

  Valuation

  Residential

  $16,590,670

  Hospitality

  $15,196,965

  Educational

  $12,643,696

  Medical

  $13,078,533

  Retail

  $19,667,972

Location Insight

City

Wainscott

County

Suffolk

State

New York

Latitude

40.9568

Longitude

-72.2513

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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