Property profile

54 Industrial Rd Wainscott, NY 11975

OFF-MARKET
Showrooms
Property ID
US63-1388320
1.8 ac lot
Individually Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 6,000-square-foot industrial warehouse situated on a 1.837-acre lot in Wainscott, NY. Located at 54 Industrial Rd, this Class B property, built in 1950, offers a unique blend of office and warehouse space. The existing structure comprises 2,400 square feet of office space and 3,600 square feet of high-ceiling warehouse space, accessible via roll-up doors. The property's prime location within East Hampton Town's main industrial corridor, just south of East Hampton Airport, provides excellent access and visibility. The substantial lot size presents significant expansion potential, with approvals potentially allowing for the construction of a 39,000+ square-foot self-storage facility. This versatile property is ideal for owner-operators or investors seeking a strong return. The surrounding area includes established businesses such as Local TV Inc., Cedar Design, and East End Excavating Corp., among others, indicating a thriving commercial environment. The asking price is $6,250,000. This is a rare opportunity to acquire a well-located industrial property in the highly desirable East Hampton area. The property includes a mix of outdoor and indoor storage space, making it suitable for a variety of uses.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Lot 1.8 ac (78,408 SF)
APN 0300-192.00-03.00-039.000
UPID US63-1388320

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Landscaping General Contractor
  • Building Supply
  • Publishing House

Location

54 Industrial Rd Wainscott, NY 11975-2001
Wainscott metro Census 200903 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.78M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.62M

Owner & transaction history

since 2022
Last sale
$1.7M
1 recorded transaction
2022
$1.7M

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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