Retail Building with
For Sale
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200 Landing Ave, Smithtown, NY 11787
Retail property with 130’ frontage on Landing Ave and 104 parking spaces, zoned LI with TOD/residential approval.
Property Size27,000 SF
Price / SF$255.56
Days on Market486
Property Features for 200 Landing Ave
General Information
Standard status
Active
Size
27,000 SF
Total Parking Spaces
104
Property subtype
RETAIL
Zoning
LI-Light Industry
Additional Details
Traffic Count
22,000 vehicles/day
Listing Agency:
Island Associates Real Estate, Inc.
(631) 513-2000
Listed By:
Christopher R. Mayor · License #10401293904
(631) 513-2000
Source:
Moodyscre
Added: Apr 2, 2025
Changed: Jul 26
Last Checked: Jul 31 at 3:33AM
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 Island Associates Real Estate, Inc.
Investment Insights
Based on property information with market context.
This retail property is positioned with 130’ of frontage on Landing Ave and includes 104 parking spaces to support customer access. The site is described as highly visible adjacent to the Smithtown LIRR Station.
The property is located on the retail corridor of Middle Country Road and is noted to be near the downtown retail and medical corridor of Main Street. The surrounding retail mix is supported by nearby national retailers including Home Depot, 7-Eleven, Rent-A-Center, Family Dollar, Taco Bell, Advance Auto Parts, and McDonald’s.
The property is zoned LI-Light Industry, and the remarks indicate that new zoning has been approved for Transit Oriented Development/residential apartments.
The property is located on the retail corridor of Middle Country Road and is noted to be near the downtown retail and medical corridor of Main Street. The surrounding retail mix is supported by nearby national retailers including Home Depot, 7-Eleven, Rent-A-Center, Family Dollar, Taco Bell, Advance Auto Parts, and McDonald’s.
The property is zoned LI-Light Industry, and the remarks indicate that new zoning has been approved for Transit Oriented Development/residential apartments.
Key Highlights
- 130’ frontage on Landing Ave with 104 parking spaces
- Zoned LI (Light Industry) with new zoning approved for Transit‑Oriented Development/residential apartments
- Adjacent to Smithtown LIRR Station and highly visible to traffic (over 22,000 vehicles per day)
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $907.2k | $33.60 |
| − Vacancy | −$59.0k | −$2.18 |
| EGI | $848.2k | $31.42 |
| − OpEx | −$254.5k | −$9.42 |
| NOI | $593.8k | $21.99 |
27,000 SF · lease $33.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$8.48M
$7.42M – $9.90M
NOI $593,762 @ 7.0% cap · market cap 8.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.72M
$14.63M – $19.50M
NOI $1,170,288 @ 7.0% cap · market cap 16.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
22,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,663
Businesses Nearby
93k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Groceries 15%
Home Improvements & Furnishings 10%
Beauty & Spa 8%
The Fresh Market
Groceries
14,378 visits/mo
0.4 miles
7-Eleven
Shops & Services
12,898 visits/mo
0.3 miles
Pet Supplies Plus
Shops & Services
7,591 visits/mo
0.4 miles
Chase Bank
Shops & Services
7,392 visits/mo
0.2 miles
Costello's Ace Hardware Of Smithtown
Home Improvements & Furnishings
7,114 visits/mo
0.3 miles
Demographics for 11787, NY
35,361
Population
12,147
Households
2.9
Avg Household Size
45
Median Age
51%
College-Educated
96%
High-School Grad
14.9 sq mi
ZIP Area
2,373
Density / Sq Mi
$141,505
Median Household Income
$64,248
Median Earnings
$2,349
Median Rent
$642,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property with 130’ frontage on Landing Ave and 104 parking spaces, zoned LI with TOD/residential approval.
Where is this retail space located?
The property is located at 200 Landing Ave Smithtown, NY.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: 130’ frontage on Landing Ave with 104 parking spaces; Zoned LI (Light Industry) with new zoning approved for Transit‑Oriented Development/residential apartments; Adjacent to Smithtown LIRR Station and highly visible to traffic (over 22,000 vehicles per day)
