21 Hl St Southampton, NY 11968-5316
- Investment properties
- 4,000 SF
- 0.15 lot acres
Current Use by Public Records
- Paul's Italian American Restaurant / Italian Restaurant
- Mikronexus / Software Company
Property Details for 21 Hl St
- Year built
- 1984
- Lot size
- 0.15 lot acres
- Property size
- 4,000 SF
- Zone code
- VILLA
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 0904-006.00-01.00-021.001
- APU
- 904006000100021001
Description
This established pizzeria restaurant, located on Hill Street in the Village's main thoroughfare, is offered for sale. The sale includes the business, equipment, and a long-term lease. The recently modernized operation boasts online ordering capabilities, Grubhub integration, a new point-of-sale system, and dedicated delivery staff. The 2,000 square foot restaurant features seating for 80 patrons in a comfortable dining room, a convenient takeout counter, a bar area, and an extensive storage basement. The 0.015-acre lot provides rear building access for parking, outdoor storage, and convenient placement of a walk-in refrigerator/freezer. This efficient layout is ideal for streamlined food delivery services. The entire 3,706 square foot building is currently vacant and available, with spaces divisible down to 91 square feet. This presents a unique opportunity for a buyer to acquire a turnkey operation with significant potential for growth in a prime location. The property is categorized as wet retail restaurant and offers multiple tenancy options.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,100,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,925,000
- 6.5%
- $2,030,000
- 7%
- $1,985,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,295,000
- Geo Method
- $2,260,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,420,000
- Retail
- $2,270,000
- Mixed-Use
- $2,425,000
- Hospitality
- $2,390,000
- Educational
- $2,450,000
- Residential Income
- $2,175,000
- Energy
- $1,875,000
- Income-Based Land
- $2,375,000
- Food Service
- $2,345,000
Location Insight
- Map
- Local Demand
- City
- Southampton
- County
- Suffolk
- State
- New York
- Longitude
- -72.3937
- Latitude
- 40.8839
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
