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    OFF-MARKET
    Commercial real estate

    48 Old Country Rd, East Quogue, NY 11942

    6.5 ac lot
    Property ID
    US63-0119105
    Property summary
    AI-generated overview

    This exceptional 6.5-acre property in the desirable East Quogue hamlet of Southampton Town presents a rare development opportunity. Zoned R20, allowing for subdivision into half-acre lots, this level parcel offers a potential yield of twelve individual residential building sites. The land is beautifully wooded with mature hardwoods, pine, and scrub oak, providing a tranquil setting while remaining conveniently close to the quaint shops, markets, and restaurants of the East Quogue Hamlet. The property's location outside the Long Island Central Pine Barrens ensures streamlined development. Nearby are the renowned ocean beaches and the highly-regarded East Quogue school district, boasting a newly renovated elementary school with state-of-the-art facilities. Easy access to Westhampton Beach and Southampton adds to the appeal. City water is available. Permitted uses include single-family homes, agriculture, horse farms, campgrounds, nurseries, and more. Note that a contiguous 3.8-acre parcel, also subdividable into eight lots, is available for purchase, offering a combined total of 10.3 acres and a potential for twenty lots. This is one of the last remaining development properties in the area, making it an exceptional investment opportunity. The asking price for this 6.5-acre parcel is $2,880,000. The property is located at 48 Old Country Rd, East Quogue, NY 11942.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 6.5 ac (283,140 SF)
    UPID US63-0119105
    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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