$21,900,000

1-15 Hill St, Southampton NY, 11968

Price per sqft$1,105.78

Property size19,805 sqft

Property typeCommercial

Overview

Active

Updated 1 min ago

SOUTHAMPTON VILLAGE'S EXPERIENTIAL RETAIL & WELLNESS DESTINATION There is a new cultural focal point within Southampton Village across from Agawam Park where Jobs Lane, Hill Street, and Windmill Lane converge. Adorned with some of the most popular new Village restaurants and much anticipated opening of the gilded Southampton Playhouse film theatre, Main Street has a new rival for the designation as the premier destination for shopping & entertainment! Southampton Village's New Commercial Hub - Situated at the highly visible corner of Hill Street and Windmill Lane, this 0.417-acre commercial property offers 19,805sf of newly renovated retail, office, personal service / wellness & grocery tenants. This investment property was fully renovated and retenanted with some of the Hamptons' most iconic brands. Stabilized Investment With Refinement Opportunities - The offering features strong, multi-year leases with established local & regional tenants. The site's thoughtful repositioning ensures immediate income stability with opportunities to gradually curate a mix of national brands. From new streetscapes to the Southampton Playhouse, this property is situated in a section of Southampton Village now distinguished with marquee dining & entertainment opportunities. Diverse Tenant Mix in Two Distinct Buildings - Surrounding Businesses: El Verano, Shippy's, Limoncello Ristorante, Southampton Playhouse, Southampton Cultural Center, Southampton Arts Center Corner Building (1-17 Windmill Lane / 1-9 Hill St): 11,505sf across two stories. Seven ground floor retail tenants (fashion, fitness, salon, office, & food service) Two second-floor private executive office collections. One-Story Building (15 Hill Street): 8,300sf with high ceilings. Anchored by two tenants; a natural foods market and a premium medical spa. Flexible Village Business Zoning - Located in the core Village Business (VB) district of Southampton Village, this property is optimally zoned for a variety of uses, including retail, office, and service businesses, making it adaptable to evolving market demands. The site is fully integrated into the Village's pedestrian-friendly layout directly across the street from Agawam Park. Future Enhancements - With the planning of a sewer district servicing the Village of Southampton, expanded wet use potential for this site would transform the potential business uses of the site. This site would be primed to take advantage of the sewer; further enhancing its long term potential.

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