120 North Sea Road

Southampton, NY 11968

$6,950,000
Price
Beds
1
Bath
6,100 Sq. Ft.
$1,139 / Sq. Ft.
6,100
Sq. Ft.
$1,139
per Sq. Ft.

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...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!

Listing Agents

  1. Hal Zwick

    Hal Zwick

    Listing Agent

    Compass

    hal.zwick@compass.com

    P: 631.678.2460

  2. Jeffrey Sztorc

    Jeffrey Sztorc

    Alternative Listing Agent

    Compass

Property Details for 120 North Sea Road

New Construction
No
Listing Type
exclusive
Unit Type
Single Family
Near Train Station
Yes
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LISTING UPDATED: 05/24/2024 02:14 AM

Property Details for 120 North Sea Road

StatusIn - Contract
MLS #376014
Days on Market90
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeHome for Sale / Single Family
Year Built1995
Lot Size1.25 AC
CountySuffolk County
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Virtual Tour

Building Information for 120 North Sea Road

Stories-Year Built1995Building Size-Lot Size1.25 AC

Payment Calculator

$39,065 per month

30 year fixed, 7.25% Interest

Principal and Interest

$37,929

Property Taxes

$1,136

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 120 North Sea Road

Summary
Location and General Information
  • Water Access: No
  • Near Jitney Sunrise Bus Line: Yes
  • Title: Southampton Supermarket / Specialty Food / Office Building
  • Address: 120 North Sea Rd
  • Town Name: Southampton
  • Subarea: SH Village
Taxes and HOA Information
  • Tax Map Id: 0904005000300025000
Property
Lot Information
  • Lot With Trees: No
Interior and Exterior Features
Interior Features
  • Amenity Names: South of Highway,Heat,Basement,Full Basement,Finished Basement,Central AC,Sprinkler System,Tile Floors,Carport,Bathroom on First Floor,Workshop,Bonus Room,Breakfast Area,Office,None / Mainland

Public Records for 120 North Sea Road

Taxable ValueLand$841,100Additions$1,273,900Total$2,115,000
Tax Record2020$13,634 ($1,136 / month)
Home Facts
Total Finished SqFt3,968 SqFtAbove Grade Finished SqFt3,968 SqFtStories2Lot Size54,450 SqFtStyleStoresYear Built1995ZoningVILLACountySUFFOLKAPN0904-005.00-03.00-025.000

Schools near 120 North Sea Road

This home is within Southampton Union Free School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Southampton Elementary School
PublicPK to 4

Southampton High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY