Mixed-Use Property with
For Sale
$1,075,000
247 Main Street, Center Moriches, NY 11934
Commercial Sale, Center Moriches, NY
Property Size5,681 SF
Lot Size1.30 Acres
Price / SF$189.23
Days on Market64
Property Features for 247 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
Center Moriches
Middle school district
Center Moriches
High school district
Center Moriches
Standard status
Active
Lot size
1.30 Acres
Additional Details
Property Use
Office
Medical Specialty
chiropractic
Taxes and HOA fees
Tax Year
2500
Tax Annual Amount
25000
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s), Central Air
Water source
Public
Building Details
Buildings
3
Listing Agency:
BERKSHIRE HATHAWAY · Berkshire Hathaway HomeServices
Listed By:
Fatima Smith
(631) 824-8484
Added: Sep 1
Changed: Oct 26
Last Checked: Nov 3 at 1:06PM
MLS# 1052196
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use property encompasses 5,681 SF on approximately 1.3 acres, with a 3,854 SF Victorian main building and two accessory cottages totaling 1,827 SF. The primary structure combines professional office space with residential accommodations. Its commercial area includes a reception zone, file room, half bath, and four exam or treatment rooms, while the residential layout provides living and dining rooms, a kitchen, four bedrooms, and two full baths. The property also includes one one-bedroom cottage, one studio cottage, and a two-door garage.
Approximately 15 surface parking spaces serve the property, with five positioned beside the main building and 10 located in the rear lot. Building systems include four-zone natural gas heating, central air in the office area, individual air-conditioning units in the residence, public water, and public sewer. The combination of office, residential, accessory-building, garage, and parking components supports multiple occupancy configurations.
Approximately 15 surface parking spaces serve the property, with five positioned beside the main building and 10 located in the rear lot. Building systems include four-zone natural gas heating, central air in the office area, individual air-conditioning units in the residence, public water, and public sewer. The combination of office, residential, accessory-building, garage, and parking components supports multiple occupancy configurations.
Key Highlights
- 5,681 SF mixed‑use property on approximately 1.3 acres
- 3,854 SF Victorian main building with office and residential areas
- Two accessory cottages totaling 1,827 SF: one bedroom and one studio
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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Current Use
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 - Versatile commercial and residential configuration with accessory cottages, garage space, 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 areas; Two accessory cottages totaling 1,827 SF: one bedroom and one studio
