45845 County Road 48, Southold, NY 11971
For Sale
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This exceptional 3,500 square foot retail property presents a remarkable investment opportunity in the vibrant town of Southold, NY. Situated on a half-acre lot at 45845 County Road 48, this high-exposure location offers unparalleled visibility and accessibility for a wide range of businesses. The building boasts convenient features including overhead doors, a waiting room, and a full bathroom, along with ample parking for customers and employees. The versatile space is ideal for a variety of uses, such as a convenience store, retail or wholesale business, storage/warehouse facility, automotive services, or garden sales. The zoning permits retail, service, and professional uses, providing flexibility for potential buyers. The existing building includes approximately 350 square feet of office space (10% of the total). Note that a profitable auto repair business currently operates on the premises, but is not included in the asking price of $1,599,000. This presents a unique chance to acquire a well-located property with significant potential for immediate income generation or redevelopment. Don't miss this chance to own a piece of Southold's thriving commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B · Southold, NYSouthold. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.