$2,250,000
●
Land -
For Sale
669 Flanders Road
Southampton, NY 11901
Studio
0 Bath
$12,483
Est. Monthly
About This Property
1.5 ACRE property offering:
A busy roadway between major highways, channeling traffic from the HAMPTONS to the NORTH FORK.
- Single Family 3-bedroom residential home with steady current rental income;
- Leased commercial building (DELI);
Included is spacious vacant land accessible from Flanders Road, with potential for subdivision to create additional residential units or expand your portfolio.
The property also offers the opportunity to develop a 3,750 sq ft commercial building perfect for an array of business opportunities, large retail space, or storage facilities.
Strategically located with approximately 22,000 vehicles passing daily and a bus stop right in front, this site boasts excellent visibility and high traffic flow.
A busy roadway between major highways, channeling traffic from the HAMPTONS to the NORTH FORK.
- Single Family 3-bedroom residential home with steady current rental income;
- Leased commercial building (DELI);
Included is spacious vacant land accessible from Flanders Road, with potential for subdivision to create additional residential units or expand your portfolio.
The property also offers the opportunity to develop a 3,750 sq ft commercial building perfect for an array of business opportunities, large retail space, or storage facilities.
Strategically located with approximately 22,000 vehicles passing daily and a bus stop right in front, this site boasts excellent visibility and high traffic flow.
Unit Size
-
Days on Market
111 days
Land Size
1.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,435
HOA Dues
-
Year Built
1984
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (OneKey MLS #KEY1025367)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 10, 2026 | No longer available | - | |
| No longer available | |||
| Jul 10, 2026 | Listed by Coldwell Banker M&D Good Life | $2,250,000 | |
| Listed by Coldwell Banker M&D Good Life | |||
| May 28, 2026 | Price Decreased |
$2,399,900
↓ $100
(0%) | |
| Price Decreased | |||
| Mar 5, 2026 | Listed by Coldwell Banker M&D Good Life | $2,400,000 | |
| Listed by Coldwell Banker M&D Good Life | |||
   | |||
|
Calling all INVESTORS!! An exceptional 1.5 ACRE property offering endless possibilities.
A busy roadway between major highways, channeling traffic from the HAMPTONS to the NORTH FORK.
- Single Family 3-bedroom residential home with steady current rental income;
- Leased commercial building (DELI);
Included is spacious vacant land accessible from Flanders Road, with potential for subdivision to create additional residential units or expand your portfolio.
The property also offers the opportunity to develop a 3,750 sq ft commercial building perfect for an array of business opportunities, large retail space, or storage facilities.
Strategically located with approximately 22,000 vehicles passing daily and a bus stop right in front, this site boasts excellent visibility and high traffic flow.
| |||
Property Highlights
Exterior Details
Building Area Units: Square Feet
Lot Size Area: 65340
Lot Size Units: Square Feet
Lot Size Acres: 1.5
Lot Size Square Feet: 65340
Tax Lot: 4
Water Source: Public
Financial Details
Tax Annual Amount: $17,220
Utilities Details
Sewer : Other
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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About Flanders
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Last Updated: 3 months ago
Data Source: OneKey MLS
Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017