Contemporary Storefront Retail
For Sale
$3,475,000
53 The Circle, East Hampton, NY 11937
Currently configured as an art gallery, the space offers Main Street visibility in a luxury retail setting.
Property Size1,600 SF
Price / SF$2,171
Days on Market142
Property Features for 53 The Circle
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Other
Financials
Asking Price
$1,900,000
Cap Rate
6.32%
Listing Agency:
Compass
(631) 678-2460
Listed By:
Hal Zwick · License #40ZW1016031
(631) 678-2460
Source:
Compass
Added: Apr 11
Changed: Aug 30
Last Checked: Mar 25 at 10:54AM
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 Compass
Investment Insights
Based on property information with market context.
This contemporary storefront contains 1,644 square feet of retail space and is currently operating as an art gallery. The existing configuration provides a ready-made setting for continued gallery use or another storefront-oriented retail concept.
The property is visible from Main Street and is situated among luxury retailers including Louis Vuitton, Gucci, and Chanel. An in-place cap rate of 6.32% is associated with the current operation.
The property is visible from Main Street and is situated among luxury retailers including Louis Vuitton, Gucci, and Chanel. An in-place cap rate of 6.32% is associated with the current operation.
Key Highlights
- 1,644 square feet of contemporary storefront retail space
- Currently operating as an art gallery
- Visible from Main Street
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
904
Businesses Nearby
68k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 44%
Shops & Services 30%
Home Improvements & Furnishings 12%
Apparel 10%
Stop & Shop
Groceries
19,821 visits/mo
0.1 miles
East Hampton IGA
Groceries
10,111 visits/mo
0.5 miles
Village True Value Hardware
Home Improvements & Furnishings
7,800 visits/mo
0.1 miles
Chase Bank
Shops & Services
7,293 visits/mo
0.0 miles
Capital One Bank
Shops & Services
5,282 visits/mo
0.1 miles
Demographics for 11937, NY
19,968
Population
14,277
Households
1.4
Avg Household Size
45
Median Age
52%
College-Educated
92%
High-School Grad
37.1 sq mi
ZIP Area
538
Density / Sq Mi
$122,489
Median Household Income
$49,954
Median Earnings
$2,904
Median Rent
$1,009,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- East Hampton Flowers — 69 n main st, east hampton, ny 11937
Frequently Asked Questions
What type of property is this?
Storefront property - Currently configured as an art gallery, the space offers Main Street visibility in a luxury retail setting.
Where is this storefront property located?
The property is located at 53 The Circle East Hampton, NY.
What is the asking price?
The asking price for this property is $3,475,000.
What are key features of this property?
This property features: 1,644 square feet of contemporary storefront retail space; Currently operating as an art gallery; Visible from Main Street
