196 Jagger Path Remsenburg-Speonk, NY 11977

Property Details for 196 Jagger Path

Lot size

4.17 lot acres

Property size

10,000 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional 4.17-acre industrial property in Westhampton, NY, presents a unique investment opportunity. The site boasts a 10,000-square-foot warehouse building, ideally suited for various industrial uses. The property is zoned for light industrial use and includes permitted outside storage, currently configured to accommodate over 525 vehicles. Two buildings are situated on the lot, featuring five dock-high doors for efficient loading and unloading. The property's strategic location near the LIRR rail spur and at the entrance to the Hamptons offers excellent accessibility and visibility. Annual property taxes are $17,000. A significant advantage is the presence of a functioning cell tower, with a new net operating income (NOI) of $59,100 per year, subject to a 2.5% annual increase. The sale includes the first option to acquire the cell tower ground lease before it's offered separately. The asking price for the entire property is $4,495,000, with a price per square foot of $449.50. This rare combination of warehouse space, extensive outside storage, and a high-income-generating cell tower presents a compelling investment prospect in a desirable location.