Multi-Tenant Distribution
For Sale
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241 Skip Lane, Bayshore, NY 11706
IND1-zoned industrial property with a multi-tenant configuration and access to major transportation routes.
Property Size16,587 SF
Lot Size1.38 Acres
Price / SF$346.66
Days on Market54
Property Features for 241 Skip Lane
General Information
Standard status
Active
Size
16,587 SF
Lot size
1.38 Acres
Property subtype
Industrial
Zoning
IND1
Lease Type
Gross
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Tripoint Real Estate
Listed By:
Christopher Cardenas · License #10491213447
Source:
Crexi
Added: Aug 24
Changed: Oct 10
Last Checked: Oct 14 at 10:57PM
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 Tripoint Real Estate
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Investment Insights
Based on property information with market context.
This industrial distribution property contains approximately 16,587 square feet on a 1.38-acre site. Its multi-tenant configuration supports separate occupancy arrangements and provides flexibility for owner-users, investors, or tenants seeking industrial space. The property carries IND1 zoning and is suited to warehouse, distribution, manufacturing, and service-oriented industrial operations as described in the offering information.
Located in Bay Shore within the Long Island industrial market, the property sits in a logistics and distribution corridor with access to major transportation routes. The site combines an industrial land base with a configuration designed for multiple occupants, making it applicable to a range of commercial industrial requirements.
Located in Bay Shore within the Long Island industrial market, the property sits in a logistics and distribution corridor with access to major transportation routes. The site combines an industrial land base with a configuration designed for multiple occupants, making it applicable to a range of commercial industrial requirements.
Key Highlights
- Approximately 16,587‑square‑foot industrial property
- 1.38‑acre site in Bay Shore, NY
- IND1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$254,187
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,083,740
$5.1M
Cap Rate 7%
$3,631,243
$3.6M
Cap Rate 9%
$2,824,300
$2.8M
Market Conditions
NOI Build-Up for 16,587 SF
Gross rent
$318.5K $19.20/SF
− Vacancy
−$19.4K −$1.17/SF
EGI
$299.0K $18.03/SF
− OpEx
−$44.9K −$2.70/SF
NOI
$254.2K $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%
$5,083,740
Cap Rate 7%
$3,631,243
Cap Rate 9%
$2,824,300
Alternative Uses
Best Use
Warehouse
$3.63M
$3.18M – $4.24M
NOI $254,187 @ 7.0% cap · market cap 4.42%
Second Best
Industrial
$3.36M
$2.94M – $3.92M
NOI $235,497 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$5.05M
$4.42M – $5.90M
NOI $353,722 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
Explore this area
Business Placement
Demographics for 11706, NY
66,263
Population
21,435
Households
3.1
Avg Household Size
37
Median Age
26%
College-Educated
82%
High-School Grad
16.9 sq mi
ZIP Area
3,921
Density / Sq Mi
$115,112
Median Household Income
$44,917
Median Earnings
$1,885
Median Rent
$464,300
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?
Distribution center - IND1-zoned industrial property with a multi-tenant configuration and access to major transportation routes.
Where is this distribution center located?
The property is located at 241 Skip Lane Bayshore, NY.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: Approximately 16,587‑square‑foot industrial property; 1.38‑acre site in Bay Shore, NY; IND1 zoning
