Southampton Village Industrial Warehouse
30 Mariner Drive Southampton, NY 11968
30 Mariner Drive, Southampton, NY, 11968
$3,999,000
For Sale
$3,999,000
Industrial warehouse with expansion potential in Southampton Village.
Property Size7,500 SF
Lot Size1.37 Acres
Price / SF$533.20
Days on Market197
Property Features for 30 Mariner Drive
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Lot size
- 1.37 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1999
Listing agency
Sag Harbor
(347) 827-5689
Listed by
Carol Sharks · License #10401301234
(347) 827-5689
Source
Corcoran
Added: Jan 5 Updated: Jul 6 at 9:56AM Checked: Jul 21 at 5:38AM
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 Sag Harbor
Investment Insights
Based on property information with market context.
Located on Mariner Drive, in Southampton Village's active industrial corridor, this industrial warehouse offers a value-add opportunity in a supply-constrained market. Classified as Property Class 449 with C-14 industrial warehouse construction, the 7,500-square-foot property is suitable for warehouse, storage, distribution, contractor use, and light manufacturing. Expansion strategies include a second-floor addition of 7,500 square feet to reach a maximum allowable 15,000 square feet, a 2,500-square-foot first-floor expansion to bring the total building area to 10,000 square feet, or a 2,500-square-foot free-standing one-story building within permitted setbacks. The property is well-positioned for owner-users or investors seeking upside through expansion, repositioning, or lease-up. Limited industrial inventory in Southampton Village supports strong long-term fundamentals. All uses and expansions are subject to zoning and approvals.
Key Highlights
- Prime location on Mariner Drive, the most active industrial corridor in Southampton Village.
- Rare value‑add opportunity in a supply‑constrained market.
- Multiple expansion strategies available: second‑floor addition, first‑floor expansion, or free‑standing building.
Local Financial Insights For Warehouse
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 | $144.0k | $19.20 |
| − Vacancy | −$8.8k | −$1.17 |
| EGI | $135.2k | $18.03 |
| − OpEx | −$20.3k | −$2.70 |
| NOI | $114.9k | $15.32 |
7,500 SF · lease $19.20/SF/yr · vacancy 6.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.64M
$1.44M – $1.92M
NOI $114,934 @ 7.0% cap · market cap 2.87%
Second Best
Industrial
$1.52M
$1.33M – $1.77M
NOI $106,483 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$2.28M
$2.00M – $2.67M
NOI $159,939 @ 7.0% cap · market cap 4.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
West Robins
Aquaculture Farm
Southampton Rug Care
Carpet Cleaning Service
Similar For Sale Nearby
Similar Off Market Nearby
- Extra Space Storage — 99 Mariner Dr #4, Southampton, NY 11968
- Life Storage — 59 Mariner Dr, Southampton, NY 11968
FAQs
What type of property is this?
Warehouse - Industrial warehouse with expansion potential in Southampton Village.
Where is this warehouse located?
The property is located at 30 Mariner Drive Southampton, NY.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: Prime location on Mariner Drive, the most active industrial corridor in Southampton Village.; Rare value‑add opportunity in a supply‑constrained market.; Multiple expansion strategies available: second‑floor addition, first‑floor expansion, or free‑standing building.
