Second-Floor Medical Office
315 MEETING HOUSE LANE Southampton, NY 11968
For Sale
$250,000
COMMERCIAL - Southampton, NY
Property Size761 SF
Price / SF$328.52
Days on Market1048
Property Features for 315 MEETING HOUSE LANE
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 761 SF
Taxes and HOA fees
- Tax Annual Amount
- 1258
Utilities
- Sewer type
- Septic Tank
- Water source
- Public
Building Details
- Year built
- 2000
Listing Agency:
William Raveis (Southampton)
(631) 283-5800
Listed By:
Bradford King
(631) 283-5800
Added: Sep 11, 2023
Changed: Jul 2
Last Checked: Jul 24 at 3:06AM
MLS# 11248712
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 315 Meeting House Lane in Southampton, this second-floor office suite is presented in “mint condition,” with an owner noting suitability for medical professionals. The property is specifically described as zoned for medical use, making it a practical fit for healthcare-related office operations.
The building is positioned in the heart of Southampton Village, with Southampton Hospital directly across the street. This proximity can be useful for patient-facing practices and medical services that benefit from nearby healthcare facilities.
For tenants or buyers seeking a healthcare office setting, the zoning designation for medical use is the key attribute of the space. The listing also points to potential compatibility with uses such as a yoga studio or a psychiatrist office, as well as other medical practice office applications. Owner financing is available, which may be relevant for qualified buyers looking for flexible financing options.
The building is positioned in the heart of Southampton Village, with Southampton Hospital directly across the street. This proximity can be useful for patient-facing practices and medical services that benefit from nearby healthcare facilities.
For tenants or buyers seeking a healthcare office setting, the zoning designation for medical use is the key attribute of the space. The listing also points to potential compatibility with uses such as a yoga studio or a psychiatrist office, as well as other medical practice office applications. Owner financing is available, which may be relevant for qualified buyers looking for flexible financing options.
Key Highlights
- Year built: 2000
- Zoned for Medical
- Located in the heart of Southampton Village, across the street from Southampton Hospital
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.3k | $27.96 |
| − Vacancy | −$3.8k | −$5.03 |
| EGI | $17.4k | $22.93 |
| − OpEx | −$4.4k | −$5.73 |
| NOI | $13.1k | $17.20 |
761 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$186.9K
$163.6K – $218.1K
NOI $13,086 @ 7.0% cap · market cap 5.23%
Second Best
Healthcare Medical
$173.9K
$152.1K – $202.9K
NOI $12,171 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$231.8K
$202.9K – $270.5K
NOI $16,229 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
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FAQs
What type of property is this?
Medical Office Space - Second-floor suite zoned for medical use, across from Southampton Hospital, offered with owner financing.
Where is this medical office space located?
The property is located at 315 MEETING HOUSE LANE Southampton, NY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Year built: 2000; Zoned for Medical; Located in the heart of Southampton Village, across the street from Southampton Hospital
