Mixed-Use Property with
For Sale
$1,075,000
247 Main Street, Center Moriches, NY 11934
The property combines professional office space, a residence, two cottages, a garage, and on-site parking.
Property Size5,681 SF
Lot Size1.30 Acres
Price / SF$189.23
Days on Market40
Property Features for 247 Main Street
General Information
Standard status
Active
Size
5,681 SF
Total Parking Spaces
15
Lot size
1.30 Acres
Property subtype
Commercial
Additional Details
Floor
1
Utilities to Site
Yes
Office Units
1
Property Use
Office
Medical Specialty
chiropractor
Taxes and HOA fees
Annual Taxes
$25,000
Building Details
Building Size
5,681 SF
Buildings
1
Stories
2
Construction
Victorian
Tenancy
Single
Listing Agency:
BERKSHIRE HATHAWAY
(516) 741-3070
Listed By:
Fatima Smith AHWD
(516) 668-9154
Source:
Clairedleone
Added: Sep 17
Changed: Oct 26
Last Checked: Oct 26 at 3:43AM
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 BERKSHIRE HATHAWAY
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Investment Insights
Based on property information with market context.
At 247 Main Street in Center Moriches, this 5,681-square-foot mixed-use property occupies approximately 1.3 acres. The 3,854-square-foot Victorian main building contains professional office space on the first floor and residential rooms across the first and second floors. The office includes a reception area, file room, half bath, and four exam or treatment rooms. The residence features a living room and dining room, each with a wood stove, plus a kitchen, four bedrooms, and two full baths. Two cottages, totaling 1,827 square feet, provide one bedroom and studio layouts. A two-door garage is also on site.
The office has central air conditioning, while the residence uses individual air-conditioning units. Four-zone natural gas heat serves the main building. Approximately 15 surface parking spaces are provided, with five beside the building and 10 in the rear lot.
The office has central air conditioning, while the residence uses individual air-conditioning units. Four-zone natural gas heat serves the main building. Approximately 15 surface parking spaces are provided, with five beside the building and 10 in the rear lot.
Key Highlights
- 5,681 SF mixed‑use property on approximately 1.3 acres
- 3,854 SF Victorian main building with office and residential space
- Two cottages total 1,827 SF: one‑bedroom and studio layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,687
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,953,740
$2.0M
Cap Rate 7%
$1,395,529
$1.4M
Cap Rate 9%
$1,085,411
$1.1M
Market Conditions
NOI Build-Up for 5,681 SF
Gross rent
$158.8K $27.96/SF
− Vacancy
−$28.6K −$5.03/SF
EGI
$130.2K $22.93/SF
− OpEx
−$32.6K −$5.73/SF
NOI
$97.7K $17.20/SF
Area
Suffolk County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,953,740
Cap Rate 7%
$1,395,529
Cap Rate 9%
$1,085,411
Alternative Uses
Best Use
Mixed Use
$1.44M
$1.26M – $1.69M
NOI $101,133 @ 7.0% cap · market cap 9.41%
Second Best
Office B
$1.40M
$1.22M – $1.63M
NOI $97,687 @ 7.0% cap · market cap 9.09%
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $121,149 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines professional office space, a residence, two cottages, a garage, and on-site parking.
Where is this mixed-use property located?
The property is located at 247 Main Street Center Moriches, NY.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: 5,681 SF mixed‑use property on approximately 1.3 acres; 3,854 SF Victorian main building with office and residential space; Two cottages total 1,827 SF: one‑bedroom and studio layouts
