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    OFF-MARKET
    Warehouses

    1 Leecon Ct, Southampton, NY 11968

    15,000 SF
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Warehouses
    Total area 15,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Next Level Ice Company Big Box & Wholesale Store Distribution Center
    • Regal Roofing Southampton Roofing Company General Contractor
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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