1 Leecon Ct Southampton, NY 11968
- Warehouses
- 15,000 SF
Current Use by Public Records
- Next Level Ice Company / Ice Supplier
- Regal Roofing Southampton / Roofing Contractor
Property Details for 1 Leecon Ct
- Property size
- 15,000 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Southampton
- County
- Suffolk
- State
- New York
- Longitude
- -72.4194
- Latitude
- 40.8933
