Property profile

45845 County Road 48 Southold, NY 11971

FOR SALE
Auto shops
Property ID
US63-1909386
0.51 ac lot
Individually Owned ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Lot 0.51 ac (22,216 SF)
Zoning code B
APN 1000-055.00-02.00-017.000
UPID US63-1909386

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

45845 County Road 48 Southold, NY 11971
Southold metro Census 170203 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

B · Southold, NY
Zoning description

, area and parking regulations. § 280-43 Front yard setbacks. Article X Hamlet Business (HB) District § 280-44 Purpose. § 280-45 Use regulations. § 280-46 Bulk, area and parking regulations. Article XI General Business (…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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