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1-15 Hill St
Southampton, NY 11968

$22,500,000 USD

Storefront Retail Office For Sale • 19,865 SF

Property Details

Property Type Storefront Retail Office
Total Building Size 19,865 SF
Lot Size 0.43 AC
Building Class B
Year Built 1982
Cap Rate 6.50 %
Tenancy Multiple
Zoning V-B

0 Transit Score

63 Walk Score

                
                    Highlights
                
                                $4.5 Million Capital Expenditure for modern amenities and infrastructure completed.
                            
                                 14 Triple-Net (NNN) tenants, including high-end brands such as New York Pilates, Windmill Lane Bakery, Le Closet NY, and Wave Wellness.
                            
                                The property boasts strong income with new leases in place and extremely low operating expenses.
                            
                                Owner will assist in filling the very few vacancies that remain.
                            
                                PLEASE DIRECT ALL INQUIRIES TO Michael Murphy at 631.834.2626

Property Flyers

SOUTHAMPTON-WINDMILL OM

Cap Rate:

6.50 %

Amenities

Corner Lot
Signalized Intersection
Tenant Controlled HVAC
Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
Southampton Station (Montauk Branch - Long Island Rail Road)	2 min	16 min	0.9 mi
Bridgehampton Station (Montauk Branch - Long Island Rail Road)	14 min	-	6.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Michael Murphy 631-834-2626 Douglas Elliman Commercial

1-15 Hill St Southampton, NY 11968