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Property profile & analytics
OFF-MARKET Estimated value $2,060,000
Investment properties

21 Hl St Southampton, NY 11968-5316

4,000 SF 0.15 ac lot Built 1984
Entity Owned 4-yr Hold Free & Clear
Property ID
US63-0209886
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1984
Total area 4,000 SF
Lot 0.15 ac (6,534 SF)
Zoning code VILLA
APN 0904-006.00-01.00-021.001
UPID US63-0209886
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
  • Paul's Italian American Restaurant Restaurant
  • Mikronexus (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.13M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.06M
Owner & transaction history
Mariner Projects LLC · 4 yrs held
Mariner Projects LLC
since 2021
Last sale
$2.0M
6 recorded transactions
2021
Price N/A
2016
Price N/A
2006
$150,000
2006
$112,500
2004
Price N/A
1969
Price N/A
Zoning & alternative use
VILLA · Southampton, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.9M +58.5%
Auto repair, garage $1.5M +22.3%
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