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1 Leecon Ct Southampton, NY 11968

Sponsored
For Sale
$9,000,000

Six Units, High ROI, Prime Location

Property size:
15,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents six 2,500-square-foot industrial units totaling 15,000 square feet, situated in a prime Southampton, NY location. The property, part of a well-maintained 12-unit, two-building business condo complex constructed in 2005, boasts a 5.00% cap rate and a strong net operating income (NOI) of $450,000. Each unit features a 30-foot ceiling height and is currently leased under full triple-net (NNN) agreements. The convenient location is just one-third of a mile from County Road 39/Route 27, ensuring easy access and high visibility. The property is zoned LI-40 and offers an excellent opportunity for investors seeking a stable, high-return industrial portfolio in a desirable Long Island market. The asking price is $9,000,000. This meticulously maintained property presents a rare chance to acquire a turnkey investment with significant upside potential. The complex's modern construction and strong tenant occupancy make this an attractive proposition for discerning investors.

Property Features for 1 Leecon Ct

General Information

Property type
Distribution properties
Square Feet
15,000 SF

Building Details

Units
6

HighLights

  • $9,000,000 asking price.
  • 15,000 square foot industrial property with a 5.00% cap rate and $450,000 NOI.
  • Six 2,500 square foot units, each with a NNN lease in place.
  • Located in a well‑maintained 12‑unit, 2‑building business condo complex built in 2005.
  • Conveniently located 1/3 mile from County Road 39/Route 27 in Southampton, NY.
Property Profile Location Intelligence

Current Use by Public Records

Next Level Ice ... Ice Supplier Regal Roofing Southampton Roofing Contractor

Suggested Use

Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel Pharmacy

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

Location Insight

  • Map
  • Local Demand
City
Southampton
County
Suffolk
State
New York
Longitude
-72.419426069134
Latitude
40.893321590312

FAQs

What type of property is this?
Distribution property - Six Units, High ROI, Prime Location
Where is this distribution property located?
The property is located at 1 Leecon Ct Southampton, NY.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: $9,000,000 asking price.; 15,000 square foot industrial property with a 5.00% cap rate and $450,000 NOI.; Six 2,500 square foot units, each with a NNN lease in place.
More about this property
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