120 N Sea Rd, SH

120 N Sea Rd, Southampton, NY 11968

Property Description

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 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 $3,295,000.120 North Sea Road Asking Price: $7,975,000A unique opportunity in this much-in-demand category in one of the most sought-after communities in the Northeast.

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Retails

  • Investment Highlights

  • Southampton Village
  • Main Road — maximum exposure
  • Only available site zoned for supermarket
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