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    51 Hill St Southampton, NY 11968

    Sponsored
    For Sale
    $3,200,000

    Prime Southampton location, fully leased, high ROI.

    Property size:
    4,020 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional investment opportunity presents a 4,020 square foot office building situated on a 0.17-acre lot at 51 Hill Street in Southampton Village, New York, zip code 11968. The property boasts a prominent 50-foot frontage on Hill Street, placing it within the vibrant Southampton Village Business District. Currently fully leased to a credit tenant, this 1.5-story building offers immediate cash flow and significant potential for future expansion. The property's location is further enhanced by its proximity to several ongoing and recently completed development projects, including a new movie theater, retail spaces on Hill Street, and the Southampton Inn. The asking price for this prime commercial real estate is $3,200,000. This presents a rare chance to acquire a stable, income-generating asset in a thriving and highly desirable location. The property is classified as both Office and Land, offering versatility and potential for future development. The building's commercial nature makes it an ideal investment for those seeking a strong return on investment in the heart of Southampton.

    Property Features for 51 Hill St

    General Information

    Property type
    Land
    Square Feet
    4,020 SF
    Lot Size
    7,405 SF

    HighLights

    • 4,020 SF office building on a 0.17‑acre lot in Southampton Village, NY.
    • Prominent 50‑foot frontage on Hill Street in the Southampton Village Business District.
    • Fully leased to a credit tenant, providing immediate cash flow.
    • Asking price: $3,200,000.
    • Located near new development, including a movie theater and retail spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Twomey, Latham, Shea, ... Legal Services Empire Gen Roofing ... Roofing Contractor Kombrink Lisa C Attorney

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -72.3947905
    Latitude
    40.8839266

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    FAQs

    What type of property is this?
    Land - Prime Southampton location, fully leased, high ROI.
    Where is this land located?
    The property is located at 51 Hill St Southampton, NY.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: 4,020 SF office building on a 0.17-acre lot in Southampton Village, NY.; Prominent 50-foot frontage on Hill Street in the Southampton Village Business District.; Fully leased to a credit tenant, providing immediate cash flow.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    51 Hill St Southampton, NY 11968
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