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Springs Market 472 Old Stone Hwy 2,300 SF Retail Building East Hampton, NY 11937 $2,903,250 CAD ($1,262.28 CAD/SF)
EXECUTIVE SUMMARY
Unique opportunity for an investor/and or operator to own an East Hampton mainstay. The property includes the currently operating Springs Market. The Market comes with a tremendous local following and is ripe for continued growth for the next buyer. The property has two buildings with ample parking and is just shy of 1/2 acre. The Market has outdoor seating and with its pre-existing non conforming as per the TEH, is ready for possible enhancements.
This property has SLA wet use permits which allows visitors to purchase and drink alcohol on the premises. The all year round business sales have steadily increased over the years and with a new online presence for ordering and pickup adds to the potential grow of the current revenue stream. With an included one bedroom apartment the property allows for added revenue or as a place to house staff members.
This property has SLA wet use permits which allows visitors to purchase and drink alcohol on the premises. The all year round business sales have steadily increased over the years and with a new online presence for ordering and pickup adds to the potential grow of the current revenue stream. With an included one bedroom apartment the property allows for added revenue or as a place to house staff members.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,300 SF
Building Class
B
Year Built/Renovated
1960/2020
Price
$2,903,250 CAD
Price Per SF
$1,262.28 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.46 AC
Parking
20 Spaces (8.7 Spaces per 1,000 SF Leased)
Frontage
180’ on Old Stone Highway
PROPERTY TAXES
| Parcel Number | 0300-103-00-08-00-019-000 | Improvements Assessment | $5,566 CAD |
| Land Assessment | $1,691 CAD | Total Assessment | $7,257 CAD |
PROPERTY TAXES
Parcel Number
0300-103-00-08-00-019-000
Land Assessment
$1,691 CAD
Improvements Assessment
$5,566 CAD
Total Assessment
$7,257 CAD
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Springs Market | 472 Old Stone Hwy
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