This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1-15 Hill St
19,865 SF 72% Leased Retail Building Southampton, NY 11968 £17,896,914 (£901/SF) 6.50% Net Initial Yield
Investment Highlights
- $4.5 Million Capital Expenditure for modern amenities and infrastructure completed.
- The property boasts strong income with new leases in place and extremely low operating expenses.
- PLEASE DIRECT ALL INQUIRIES TO Michael Murphy at 631.834.2626
- 14 Triple-Net (NNN) tenants, including high-end brands such as New York Pilates, Windmill Lane Bakery, Le Closet NY, and Wave Wellness.
- Owner will assist in filling the very few vacancies that remain.
Executive Summary
Renovations: $4.5 Million Capital Expenditure for modern amenities and infrastructure completed. Brand-new building! Absolutely zero renovation expenditures required for many years to come.
Strong tenant mix: Currently occupied by 14 Triple-Net (NNN) tenants, including high-end brands such as New York Pilates, Windmill Lane Bakery, Le Closet NY, and Wave Wellness.
Income Advantages: The property boasts strong income with new leases in place and extremely low operating expenses.
Incentive: The current owner is also willing to assist the buyer in filling the remaining vacancies, further enhancing the investment’s profitability.
Visibility and accessibility: Located on a highly visible corner lot with ample free municipal parking, ensuring ease of access for tenants and customers alike.
Rents will increase to over $1.4 Million before or shortly after sale.
Property Facts
Amenities
- Corner Lot
- Signalised Intersection
- Tenant Controlled HVAC
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Co-Working Spaces for Medical & Aesthetic Professionals in Southampton Village 15 Hill Street offers a one-stop-shop for medical and aesthetic professionals featuring top of the line medical facilities in a co-working format; a community of professionals. Available on a flexible or annual basis with weekly cleaning / utilities included. Available Suites: 12 Month - $2,480/mo 6 Month - $4,040/mo Monthly - $7,500/mo Weekly - $3,000/mo Daily - $650/day Surrounding Businesses: New York Pilates, Rotations Bicycle Center, Hill Street Boxing, The UPS Store, Southampton Cultural Center, Southampton Theatre, Hill Street Cryo & Spa, Gym Tech, Biba Clothing, Windmill Lane Bakery, Paul’s Italian, Gubbins Running, Le Chef Inquire with the Hamptons Commercial RE Team for additional information.
2,000sf of medical office fronting the street with maximum exposure to one of the busiest streets in all of Southampton. Newly built out with a reception, open waiting room, and 8 full equipped medical offices for private consultations.
Offices - 6 premium, private office suites. Unit #1 - 339sf - $4,000/mo. Unit #2 - 204sf - $2,500sf. Unit #3 - 187sf - $2,200/mo. Unit #4 - 152sf - $2,200/mo. Unit #5 - 101sf - $1,500/mo. Unit #6 - 117sf - $1,500/mo. Currently undergoing a premium renovation: Hardwood Floors, Luxury Efficiency Kitchen, New Windows, Two Bathrooms, New Glass Doors, Private Access, Replaced Ceiling, & Agawam Park Views. All Utilities + Weekly Cleaning Included.
| Space | Size | Space Use | Position | Available |
| 15 Hill St | 101-2,555 SF | Office/Medical | - | Now |
| 15 Hill St | 2,000 SF | Office/Medical | - | Now |
| 3 Windmill Ln | 101-1,100 SF | Office | - | Now |
15 Hill St
| Size |
| 101-2,555 SF |
| Space Use |
| Office/Medical |
| Position |
| - |
| Available |
| Now |
15 Hill St
| Size |
| 2,000 SF |
| Space Use |
| Office/Medical |
| Position |
| - |
| Available |
| Now |
3 Windmill Ln
| Size |
| 101-1,100 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
15 Hill St
| Size | 101-2,555 SF |
| Space Use | Office/Medical |
| Position | - |
| Available | Now |
Co-Working Spaces for Medical & Aesthetic Professionals in Southampton Village 15 Hill Street offers a one-stop-shop for medical and aesthetic professionals featuring top of the line medical facilities in a co-working format; a community of professionals. Available on a flexible or annual basis with weekly cleaning / utilities included. Available Suites: 12 Month - $2,480/mo 6 Month - $4,040/mo Monthly - $7,500/mo Weekly - $3,000/mo Daily - $650/day Surrounding Businesses: New York Pilates, Rotations Bicycle Center, Hill Street Boxing, The UPS Store, Southampton Cultural Center, Southampton Theatre, Hill Street Cryo & Spa, Gym Tech, Biba Clothing, Windmill Lane Bakery, Paul’s Italian, Gubbins Running, Le Chef Inquire with the Hamptons Commercial RE Team for additional information.
15 Hill St
| Size | 2,000 SF |
| Space Use | Office/Medical |
| Position | - |
| Available | Now |
2,000sf of medical office fronting the street with maximum exposure to one of the busiest streets in all of Southampton. Newly built out with a reception, open waiting room, and 8 full equipped medical offices for private consultations.
3 Windmill Ln
| Size | 101-1,100 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Offices - 6 premium, private office suites. Unit #1 - 339sf - $4,000/mo. Unit #2 - 204sf - $2,500sf. Unit #3 - 187sf - $2,200/mo. Unit #4 - 152sf - $2,200/mo. Unit #5 - 101sf - $1,500/mo. Unit #6 - 117sf - $1,500/mo. Currently undergoing a premium renovation: Hardwood Floors, Luxury Efficiency Kitchen, New Windows, Two Bathrooms, New Glass Doors, Private Access, Replaced Ceiling, & Agawam Park Views. All Utilities + Weekly Cleaning Included.
Nearby Major Retailers
Presented by
1-15 Hill St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.