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    North Fork Retail Opportunity Title is generated by Realmo AI

    57190 Route 25, Southold, NY

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    Retail property in Hamlet Business District with ample parking.

    Type:OFFICE
    Property size:
    2,606 SF
    Lot size:
    0.67 Acres
    Price / SF:
    $344/SF
    Added:
    Oct 28, 2024
    Days on Market:
    598
    Last Refresh:
    May 19 at 8:51 pm

    Property Features for 57190 Route 25

    General Information

    Standard status
    Active
    Size
    2,606 SF
    Lot size
    0.67 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Douglas Cabral

    Listing agent Douglas Cabral License #10491210509

    Listing office CENTURY 21 - Excelsior Realty | Mattituck

    Listing date Oct 28, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 - Excelsior Realty | Mattituck

    HighLights

    • Prime real estate in the Hamlet Business District
    • Ample parking
    • Main road signage available
    • Ideal for real estate investor or entrepreneur
    • Located in Southold Town
    • Close to restaurants, shopping, wineries, and public transportation

    Overview

    Located in the Hamlet Business District on the North Fork of Long Island, this retail property offers an opportunity for real estate investors or entrepreneurs seeking to expand their business in Southold Town. The property features main road signage and ample parking. The building has a size of 2606 square feet. The location provides proximity to restaurants, shopping, wineries, and public transportation.

    Local Financial Insights For Retail

    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 $78.2k $30.00
    − Vacancy −$5.4k −$2.07
    EGI $72.8k $27.93
    − OpEx −$21.8k −$8.38
    NOI $50.9k $19.55
    2,606 SF · lease $30.00/SF/yr · vacancy 6.90% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $727.9K
    $636.9K – $849.2K (±1% cap)
    NOI $50,950 @ 7.0% cap · market cap 5.67%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $793.9K
    $694.7K – $926.2K (±1% cap)
    NOI $55,574 @ 7.0% cap · market cap 6.18%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Bohemian World Flowers & Boutique — 208 Front St, Greenport, NY 11944

    Location Insight

    • Map
    • Local Demand
    City
    Southold
    County
    Suffolk
    State
    New York
    Longitude
    -72.4156
    Latitude
    41.0675

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    FAQs

    What type of property is this?
    Storefront property - Retail property in Hamlet Business District with ample parking.
    Where is this storefront property located?
    The property is located at 57190 Route 25 Southold, NY.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Prime real estate in the Hamlet Business District; Ample parking; Main road signage available
    (631) 734-0390 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Douglas Cabral
    Real Estate License ID: 10491210509
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