315 MEETING HOUSE LANE, Southampton, NY 11968
- Added:
- Sep 11, 2023
- Days on Market:
- 1028
- Last Refresh:
- Jul 4 at 3:06 am
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 agent Bradford King (631) 283-5800
Listing office William Raveis (Southampton) 16 Hampton Road, Southampton, NY (631) 283-5800
Listing date Sep 11, 2023
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.
HighLights
- Year built: 2000
- Zoned for Medical
- Located in the heart of Southampton Village, across the street from Southampton Hospital
- Public water service and septic tank sewer
- Owner financing available
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Southampton
- County
- Suffolk
- State
- New York
- Longitude
- -72.378664
- Latitude
- 40.886548
