54 Industrial Rd Wainscott, NY 11975-2001
- Showrooms
- 1.80 lot acres
Current Use by Public Records
- Hampton Yards / Landscaper
- Number 1 Portable Restrooms / Portable Toilet Supplier
- Mapeasy Inc / Publisher / Map Store
Property Details for 54 Industrial Rd
- Lot size
- 1.80 lot acres
- Property type
- Showrooms
- APN
- 0300-192.00-03.00-039.000
- APU
- 300192000300039000
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,615,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,705,000
- 6.5%
- $1,545,000
- 7%
- $1,730,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,600,000
- Geo Method
- $1,675,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,570,000
- Retail
- $1,830,000
- Mixed-Use
- $1,375,000
- Hospitality
- $1,375,000
- Educational
- $1,595,000
- Residential Income
- $1,685,000
- Energy
- $1,665,000
- Income-Based Land
- $1,595,000
- Food Service
- $1,620,000
Location Insight
- Map
- Local Demand
- City
- Wainscott
- County
- Suffolk
- State
- New York
- Longitude
- -72.2513
- Latitude
- 40.9568
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA