Type: Company
Price: $6,950,000
Location: Smithtown, New York
Address: 120 North Sea Road, Southampton, NY, 11968
Zip: 11968
Size: 6103 square feet
Property size: 54455 square feet
Condition: Used
For sale by: Broker
Agent: Hal Zwick
A truly rare generational asset available for the first time in over 3 decades!
120 North Sea Road in Southampton is the only site East of the Canal in the Hamptons where a supermarket or specialty market operator can come in and create their concept and be open for business in the 2023 season. The value lies within a rare usage (supermarket)
that is grandfathered in. It's nearly impossible to open this type of business elsewhere in the Hamptons. It is in the Office District so with a change of use to an approved use, other applications are possible including office usage, medical office, etc. The 6,000 SF ground level offers a wide open footprint and also includes a 1,150 SF refrigerated room in the rear along with loading dock and bays.
This is complemented by a 3,700 SF lower level, which contains an office, commercial prep kitchen, & storage facility. The 1.25-acre site is within the Village and just outside the core retail business district; providing easy access, proximity to amenities like the Village U. S. Post Office,
and a dedicated parking lot (~55 car spots, 2-4 truck spots, & 3 truck loading bays. ) The building will be delivered vacant, which allows the next operator to create their own space and design.
An easy process will allow a buyer to close quickly, plan, build and open for the 2024 season. The rear property, 99 Sanford Pl, is also being sold which creates a rare assemblage opportunity with the subject property. The same amount of acreage (1.25 acres) is on offer which if combined with 120 North Sea would achieve a 2.5 acre commercial compound. Currently 99 Sanford has a 3,600 sq ft office building in good condition asking $3,295,000. A unique opportunity in this much-in-demand category
in one of the most sought-after communities in the Northeast. IN ADDITION: The site falls under Office District zoning which allows a change of use to all types of office use including medical.
This a rare opportunity that will not last! Copyright © 2023 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
