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    OFF-MARKET
    Commercial real estate

    38 Old Country Rd, East Quogue, NY 11942

    Property ID
    US63-0210552
    Property summary
    AI-generated overview

    This exceptional 3.8-acre property in the charming hamlet of East Quogue, New York, presents a unique development opportunity. Located at 38 Old Country Rd, 11942, this land is zoned R20, permitting subdivision into eight half-acre residential lots, as approved by the Suffolk County Health Department. The property boasts a level terrain with mature hardwoods, pine, and scrub oak, situated outside the Long Island Central Pine Barrens. City water is available. Potential uses are diverse, including single-family homes, agriculture, horse farms, campgrounds, and nurseries. The property's convenient location offers proximity to the quaint shops, markets, and restaurants of East Quogue, as well as the nearby beaches and the villages of Westhampton Beach and Southampton. East Quogue's highly-regarded school district, featuring a newly renovated elementary school with state-of-the-art facilities, adds significant value. This is one of the last remaining development properties in the area. The asking price is $1,920,000. Note: A contiguous 6.5-acre parcel, subdividable into twelve lots, is also available for sale. The combined acreage totals 10.3 acres, potentially yielding 20 lots.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US63-0210552
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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