131 Main St Southampton, NY 11968-4810
- Investment properties
- 2,760 SF
- 0.41 lot acres
Current Use by Public Records
- RBC Wealth Management / Stock Broker / Financial Institution
- B B Casa Inc / Indoor Lodging
Property Details for 131 Main St
- Year built
- 1974
- Lot size
- 0.41 lot acres
- Property size
- 2,760 SF
- Zone code
- VILLA
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 0904-006.00-02.00-009.000
- APU
- 904006000200009000
Description
This exceptional Southampton Village investment opportunity presents a unique blend of commercial and residential space within a single property at 131 Main St. The building offers a substantial 4,402 square feet, strategically divided to maximize its potential. The ground floor encompasses a generous 2,600 square feet of retail space, ideally suited for a diverse range of businesses, capitalizing on the high foot traffic of this desirable location. This expansive area provides ample room for a flagship store, multiple smaller businesses, or a combination thereof. Upstairs, the second floor offers 1,800 square feet of residential space, providing a comfortable and convenient living area above the commercial space. This residential component adds significant value and versatility to the property. The property's location in the heart of Southampton Village ensures high visibility and accessibility, attracting both local residents and tourists. While the lot size is listed as half an acre, the building's prime location and versatile layout make this a truly exceptional investment opportunity for both business expansion and long-term asset growth. The asking price is $2,849,000. This mixed-use property offers a rare chance to own a significant piece of Southampton Village real estate.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,520,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,235,000
- 6.5%
- $2,160,000
- 7%
- $2,350,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,250,000
- Geo Method
- $2,495,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,520,000
- Retail
- $2,185,000
- Mixed-Use
- $2,315,000
- Hospitality
- $1,885,000
- Educational
- $1,935,000
- Residential Income
- $2,150,000
- Energy
- $2,530,000
- Income-Based Land
- $2,030,000
- Food Service
- $1,975,000
Location Insight
- Map
- Local Demand
- City
- Southampton
- County
- Suffolk
- State
- New York
- Longitude
- -72.3908
- Latitude
- 40.8875
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
