1-15 Hill Street + 1-17 Windmill Lane, Southampton, NY 11968

For Sale

1 Windmill Lane, Southampton, NY 11968

This Southampton property for sale is located at 1 Windmill Lane. The current listed sale price for 1-15 Hill Street + 1-17 Windmill Lane, Southampton, NY 11968 is $22,500,000. 1-15 Hill Street + 1-17 Windmill Lane, Southampton, NY 11968 is situated on a lot that is 0.43 acre in size.

Contacts

broker
Michael G. Murphy

Douglas Elliman Real Estate

Property Details

  • Property Type Retail - Street Retail
  • Property Size 19,865 SF
  • Units 19
  • Lot Size 0.43 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1982
  • Year Renovated 2024
  • Date Updated Dec 17, 2024
Discover the allure of Southampton, a destination synonymous with luxury and tranquility. Nestled in the heart of the Hamptons, this coveted area is known for its pristine beaches, elegant estates, and a vibrant community. The vicinity boasts a rich tapestry of high-end shopping, fine dining, and cultural attractions, including the Southampton Arts Center and the Parrish Art Museum. With its proximity to renowned golf courses, marinas, and recreational amenities, the location offers an ideal blend of work and leisure. Savvy investors will appreciate the area's prestigious reputation and the potential for a prominent commercial presence in this distinguished locale.Welcome to 1-15 Hill Street & 1-17 Windmill Lane, Southampton, New York. This exceptional private offering features a 19,865 SF, 2-story Retail/Office Building, strategically positioned in the heart of Southampton. The property has recently undergone a $4.5 million capital expenditure renovation, ensuring modern amenities and infrastructure. Situated in the prestigious and highly sought-after area of Southampton, known for its affluent community and year-round appeal, this property is 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. These tenants cater to the upscale clientele of this exclusive destination. The property boasts strong income-producing potential with newer leases in place and extremely low operating expenses. The current owner is also willing to assist the buyer in filling the remaining vacancies, further enhancing the investment’s profitability. Located on a highly visible corner lot with ample free municipal parking, it ensures ease of access for tenants and customers alike. Southampton is renowned for its luxurious lifestyle, beautiful beaches, and vibrant cultural scene. As a year-round destination, it attracts a steady flow of high-net-worth individuals, making it an ideal location for retail and office spaces. The area’s strong economic fundamentals and affluent demographic profile provide a stable and lucrative investment environment. This property represents a unique opportunity for REI, hedge fund, 1031 exchange buyers, or investors seeking a high-quality asset in one of New York’s most exclusive markets. Don’t miss the chance to acquire this prime piece of real estate with significant income-generating potential.
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Highlights

  • All Inquiries and Interested parties should call, 631.834.2626.
  • Prime Location: Situated in the prestigious and highly sought-after area of Southampton, known for its affluent community and year-round appeal.
  • 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. These tenants cater to the upscale clientele of this exclusive destination.
  • Income Potential: The property boasts strong income-producing potential with newer leases in place and extremely low operating expenses. 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.

Getting around

  • 64/100

    Walk Score ®

  • 48/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Southampton, NY
  • Zip Code 11968
  • Market Long Island

Points of Interest

  • Southampton

    0.81 miles

  • Bridgehampton Platform

    5.85 miles

  • Hampton Bays Platform

    6.80 miles

  • Hampton Bays Ramp

    6.86 miles

  • Hampton Bays

    6.87 miles

  • Sunoco

    1.45 miles

  • Speedway

    1.78 miles

  • Tesla Supercharger

    1.85 miles

  • Shell

    3.25 miles

  • Trustee Ramp

    6.23 miles

  • Ed Warner Sr Marine Park

    6.24 miles

  • Mulvihill Preserve Parking

    7.26 miles

  • Sandbar Beach Parking

    8.48 miles

  • Parking Lot C

    9.53 miles

  • Parking Lot A

    9.59 miles

  • Parking Lot B

    9.59 miles

  • China Garden

    0.37 miles

  • La Parmigiana

    0.39 miles

  • McDonald's

    0.86 miles

  • Dunkin'

    0.93 miles

  • Burger King

    1.03 miles

  • East End Clambakes

    1.56 miles

  • Mount Fuji Fine Japanese Cuisine

    3.33 miles

  • Calissa

    3.36 miles

  • Sabrosa Mexican Grill

    3.60 miles

  • American Pie Pizza

    5.26 miles

  • Citarella

    0.36 miles

  • King Kullen Supermarket

    6.61 miles

  • Macy's

    7.52 miles

  • Hampton Bays Plaza

    7.52 miles

  • Cromer's Market

    8.28 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Michael G. Murphy

Douglas Elliman Real Estate