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21 Hill St
1,790 SF of Retail Space Available in Southampton, NY 11968
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,790 SF | Mar 2031 | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Potential to Expand into Liquor & Beer Sales
- Sublease space available from current tenant
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- Anchor Space
- Central Air and Heating
- Kitchen
- Private Restrooms
- Freezer Space
- Wi-Fi Connectivity
- Print/Copy Room
- Secure Storage
- After Hours HVAC Available
- Basement
- Yard
- Display Window
- Professional Lease
- Activity License
- Ventilation - Venting
- Smoke Detector
- Established Business
- Take Out & Dine In
- On a Revitalized Street
- Southampton Village
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
PROPERTY FACTS FOR 21 Hill St , Southampton, NY 11968
| Property Type | Retail | Year Built | 1950 |
| Property Subtype | Restaurant | Parking Ratio | 1/1,000 SF |
| Gross Leasable Area | 5,000 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 5,000 SF |
| Year Built | 1950 |
| Parking Ratio | 1/1,000 SF |
About the Property
Newly Modernized Pizzeria Operation & Strong Lease Offered For Sale. Long established pizzeria restaurant on Hill Street, the Village’s main west-east thoroughfare, is now available for purchase. Included in the sale is the; business, equipment, and lease. Great effort was taken to modernize the operations with online orders, GrubHub, a new P.O.S., & delivery staff. The 2,000sf restaurant seats 80 persons in a sit-down dining room, a take-out counter / quick service area, & a bar. Extensive storage basement. The .015-acre lot allows for rear building access to park, outdoor storage, walk-in fridge / freezer & a great layout to deliver food for off-site service. LEASE DETAILS: 10-Year Lease Ending March 2031 Two 5-Year Renewal Options OPERATING DETAILS: $CONTACT SALE PRICE: $1,100,000 Inquire with the Hamptons Commercial RE Team for additional information.
- Signage
Nearby Major Retailers
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Hal Zwick -
Jeffrey Sztorc -
Sean Deery -
Compass
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21 Hill St
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