Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    199 E Montauk Hwy Lindenhurst, NY 11757

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    750 SF building on 12,169 SF lot for sale.

    Property size:
    750 SF
    Lot size:
    12,169.00 Acres

    Property Features for 199 E Montauk Hwy

    General Information

    Standard status
    Active
    Zoning
    E Business
    Size
    750 SF
    Lot size
    12,169.00 Acres

    Building Details

    Year built
    2001

    We can help!

    Listing Contact
    Jon Winzelberg
    Source: Crexi

    Listing Agency: Ripco Real Estate Listing Agent: Jon Winzelberg

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Lindenhurst Retail/Office Redevelopment Opportunity

    The property, located at the southwest corner of Montauk Highway and Granada Parkway in Lindenhurst, NY, is available for sale. The building, formerly occupied by Enterprise Rent-A-Car for over 20 years, is approximately 750 square feet and presents an opportunity for an owner-user or redevelopment. The 12,169 square foot lot provides on-site parking for customers and employees. Zoned E Business, the property permits general retail stores, personal service shops, banks, and offices. Additional permitted uses allowed as a special exception by the Board of Appeals include veterinarians, car washes, auto-related sales & service, and food establishments, subject to additional conditions imposed by the Planning Board.
    Location Intelligence

    Current Use by Public Records

    Enterprise Rent-A-Car Car Rental Facility

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lindenhurst
    County
    Suffolk
    State
    New York
    Longitude
    -73.358189
    Latitude
    40.681066

    Nearby Similar for Sale

    • $749,000
      Pending

      Corner Commercial Building on Sunrise

      Stand-alone retail/office building with parking on high-traffic Sunrise Highway.
      146Aa Sunrise Hwy, Lindenhurst, NY 11757
      View Details
    • $650,000

      Retail Property with Established Business

      Retail property with well-established dry cleaning business for sale.
      163 S Wellwood Ave, Lindenhurst, NY 11757
      View Details
    • New
      $715,000
      0.18 Acres

      Lindenhurst Two-Family Home For Sale

      Legal two-family residence with updates and income potential.
      449 S 1St St, Lindenhurst, NY 11757
      View Details
    • $1,300,000
      5,805 SF

      Retail Strip Center in Lindenhurst

      Retail strip center with high traffic and strong demographics.
      718 N Wellwood Ave, Lindenhurst, NY 11757
      View Details
    • $749,000
      3,300 SF

      Corner Retail/Office Building For Sale

      Stand-alone 3,300 SF retail/office building on Sunrise Highway.
      146 W Sunrise Hwy, Lindenhurst, NY 11757
      View Details
    • $499,000
      Pending

      Montauk Highway Corner Restaurant/Bar

      Restaurant/bar with full kitchen, redevelopment potential, high-traffic location.
      609 West Montauk Hwy, Lindenhurst, NY 11757
      View Details
    • $289,999

      Turnkey Bar/Restaurant Opportunity

      Established full-service bar and restaurant for sale.
      43 W Hoffman Ave, Lindenhurst, NY 11757
      View Details
    • $525,000

      Waterfront Two-Family Home

      Affordable waterfront two-family home with canal and bay access.
      742 S 9Th St, Lindenhurst, NY 11757
      View Details
    • Contact for pricing
      11,000 SF

      Operating Self-Storage Facility For Sale

      11,000 SF self-storage facility with 140 units for sale.
      180 Travis St, Lindenhurst, NY 11757
      View Details
    • Contact for pricing
      2,852 SF

      Retail Property in Lindenhurst, NY

      Retail property available for sale in Lindenhurst, New York.
      501 W Montauk Hwy, Lindenhurst, NY 11757
      View Details
    • Contact for pricing
      10,800 SF

      Lindenhurst Industrial Property For Sale

      Industrial property suitable for warehousing, manufacturing, and distribution.
      210 Bangor St, Lindenhurst, NY 11757
      View Details
    • Contact for pricing
      3,600 SF

      Route 109 Office Building

      Office building located on Route 109 in Lindenhurst.
      938 Route 109, Lindenhurst, NY 11757
      View Details

    FAQs

    What type of property is this?
    Retail property - 750 SF building on 12,169 SF lot for sale.
    Where is this retail property located?
    The property is located at 199 E Montauk Hwy Lindenhurst, NY.
    What are key features of this property?
    This property features: - High-traffic location at the corner of Montauk Highway and Granada Parkway.; - Large 12,169 square foot lot with ample on-site parking.; - Zoned E Business, permitting a wide range of uses including retail, service shops, banks, and offices.
    Request Owner's contact information
    199 E Montauk Hwy Lindenhurst, NY 11757
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    199 E Montauk Hwy
    Lindenhurst, NY 11757
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    199 E Montauk Hwy Lindenhurst, NY 11757
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jon Winzelberg
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!