Mixed-Use Property with
For Sale
$9,999,999
122 Railroad Avenue, Center Moriches, NY 11934
Retail and wet-use tenants occupy the street-facing portions, with leased industrial storage space at the rear.
Property Size55,000 SF
Price / SF$181.82
Days on Market86
Property Features for 122 Railroad Avenue
General Information
Standard status
Active
Size
55,000 SF
Property subtype
Commercial
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Mixed-Use Components
retail, wet use, industrial
Additional Details
Tenant in Place
Yes
Property Use
Mixed Use
Taxes and HOA fees
Annual Taxes
$54,399
Building Details
Building Size
55,000 SF
Tenancy
Multi
Listing Agency:
Terry Real Estate NY LLC
(631) 288-2688
Listed By:
Todd Romano CBR
(631) 394-0733
Source:
Croninreale
Added: Aug 2
Changed: Oct 25
Last Checked: Oct 26 at 4:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Terry Real Estate NY LLC
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Investment Insights
Based on property information with market context.
This mixed-use property combines retail and wet-use space along the street sides with industrial storage at the rear. The existing retail and storage areas are fully leased, creating a mix of active commercial uses across the site. The offering includes three separate tax lots in Center Moriches, Suffolk County.
Completed plans are included for a mini-storage development of approximately 55,000 to 70,000 square feet, approved in the Town of Brookhaven. The property also offers access to Route 495 and Route 27, connecting the area with the Long Island Expressway and Sunrise Highway.
Completed plans are included for a mini-storage development of approximately 55,000 to 70,000 square feet, approved in the Town of Brookhaven. The property also offers access to Route 495 and Route 27, connecting the area with the Long Island Expressway and Sunrise Highway.
Key Highlights
- Fully leased retail and industrial storage components, plus wet‑use tenancy
- Plans included for approximately 55,000‑70,000 square feet of mini‑storage development, approved in the Town of Brookhaven
- Three separate tax lots included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$842,846
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,856,920
$16.9M
Cap Rate 7%
$12,040,657
$12.0M
Cap Rate 9%
$9,364,956
$9.4M
Market Conditions
NOI Build-Up for 55,000 SF
Gross rent
$1.06M $19.20/SF
− Vacancy
−$64.4K −$1.17/SF
EGI
$991.6K $18.03/SF
− OpEx
−$148.7K −$2.70/SF
NOI
$842.8K $15.32/SF
Area
Suffolk County, NY
Vacancy
6.10%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,856,920
Cap Rate 7%
$12,040,657
Cap Rate 9%
$9,364,956
Alternative Uses
Best Use
Retail
$15.36M
$13.44M – $17.92M
NOI $1,075,305 @ 7.0% cap · market cap 10.75%
Second Best
Mixed Use
$13.99M
$12.24M – $16.32M
NOI $979,110 @ 7.0% cap · market cap 9.79%
Theoretical Best
Office A
$16.76M
$14.66M – $19.55M
NOI $1,172,889 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
Explore this area
Business Placement
Demographics for 11934, NY
8,364
Population
2,819
Households
3
Avg Household Size
41
Median Age
40%
College-Educated
95%
High-School Grad
5.5 sq mi
ZIP Area
1,521
Density / Sq Mi
$154,588
Median Household Income
$72,237
Median Earnings
$1,853
Median Rent
$556,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and wet-use tenants occupy the street-facing portions, with leased industrial storage space at the rear.
Where is this mixed-use property located?
The property is located at 122 Railroad Avenue Center Moriches, NY.
What is the asking price?
The asking price for this property is $9,999,999.
What are key features of this property?
This property features: Fully leased retail and industrial storage components, plus wet‑use tenancy; Plans included for approximately 55,000‑70,000 square feet of mini‑storage development, approved in the Town of Brookhaven; Three separate tax lots included in the sale
