2 Main St Sag Harbor, NY 11963-3002
- Investment properties
- 4,925 SF
- 0.27 lot acres
Current Use by Public Records
- Espresso Da Asporto / Italian Restaurant
- K Pasa / Tapas Restaurant / Mexican Restaurant
- The UPS Store / Business Center / Office Supply Store
- Yummylicious! / Frozen Yogurt Shop / Bubble Tea Store
- Valkyrie Sailing Charters / Boat Rental Service
Property Details for 2 Main St
- Year built
- 2010
- Lot size
- 0.27 lot acres
- Property size
- 4,925 SF
- Zone code
- VILLA
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 0903-002.00-02.00-007.003
- APU
- 903002000200007003
Description
This exceptional retail property, located at 2 Main St, Sag Harbor, NY 11963, presents a compelling investment opportunity. The 4,600 square foot building sits on a substantial 29-acre lot and is zoned for Village Business use, offering significant flexibility for a variety of retail ventures. The property boasts a strong pro-forma net operating income (NOI) of $580,000, demonstrating its proven profitability. Situated in the vibrant heart of Sag Harbor Village, this location benefits from high foot traffic and excellent visibility. The property is offered as a Triple Net (NNN) lease, meaning the tenant is responsible for property taxes, insurance, and maintenance, minimizing the landlord's operational responsibilities. The property's substantial lot size provides ample room for expansion or future development, subject to local zoning regulations. The Suffolk County location offers easy access to major transportation routes and a thriving community. This is a rare opportunity to acquire a high-performing retail property in a desirable and sought-after location. The property's SCTM number is 0903-02.000-0002-007.003. This turnkey investment is ready for immediate occupancy or further development. Serious inquiries only.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $9,335,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $10,485,000
- 6.5%
- $11,410,000
- 7%
- $10,335,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $11,555,000
- Geo Method
- $12,195,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $13,120,000
- Retail
- $9,670,000
- Mixed-Use
- $9,855,000
- Hospitality
- $10,275,000
- Educational
- $12,860,000
- Residential Income
- $9,730,000
- Energy
- $11,560,000
- Income-Based Land
- $9,925,000
- Food Service
- $11,925,000
Location Insight
- Map
- Local Demand
- City
- Sag Harbor
- County
- Suffolk
- State
- New York
- Longitude
- -72.2963
- Latitude
- 41.0023
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
