Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land in E Business Zone Title is generated by Realmo AI

    770 N Broadway, Amityville, NY 11701

    View on Map
    Claim this Listing
    For Sale
    $1,999,990

    Commercial land in an E Business Zone, positioned across from a new apartment development for retail or professional use.

    Type:Land or Vacant Lot
    Added:
    May 28, 2025
    Days on Market:
    373
    Last Refresh:
    Jun 4 at 2:39 am

    Property Features for 770 N Broadway

    General Information

    Standard status
    Active
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    GERALD E. O NEILL

    Listing agent GERALD E. O NEILL License #10301218250

    Listing office SIGNATURE PREMIER PROPERTIES

    Listing date May 28, 2025

    Source Corcoran

    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 SIGNATURE PREMIER PROPERTIES

    HighLights

    • Commercial land in an E Business Zone
    • Located across from the “Greybarn” development with W/500 new apartments
    • Suitable for retail or professional use
    • Available as a ground lease
    • Walking distance to Checkers, Taco Bell, McDonald’s, KFC, plus a new Popeyes and Pollo Campero
    • Located between Southern State Pkwy and Sunrise Hwy (Rte 27)

    Overview

    This offering presents commercial land in an E Business Zone at 770 N Broadway in Amityville, NY. The parcel is being marketed for a range of possibilities, including opportunities for national brands, professional uses, or retail development. The property is also available as a ground lease, providing flexibility for developers and operators evaluating different deal structures.

    The site is described as being across from the “Greybarn” development with W/500 new apartments, and it is located on the same side and within walking distance of multiple established quick-service and retail tenants, including Checkers, Taco Bell, McDonald’s, and KFC, as well as a new Popeyes and Pollo Campero. The property sits between Southern State Pkwy and Sunrise Hwy Rte 27, offering convenient access to major thoroughfares.

    Given the stated zoning and the tenant mix nearby, this land could be suitable for groups looking to secure a commercial site in a retail/professional-oriented corridor serving the surrounding residential growth. Interested parties should confirm development requirements and permitted uses with the appropriate local authorities.
    Location Intelligence

    Current Use by Public Records

    Kirchmeier Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Amityville
    County
    Suffolk
    State
    New York
    Longitude
    -73.427894
    Latitude
    40.704893

    Nearby Similar for Sale

    • $849,000

      Amityville Mixed-Use Commercial Property

      Well-maintained mixed-use property with high visibility on Broadway.
      159 Broadway, Amityville, NY 11701
      View Details
    • $750,000

      Renovated Office Space, Amityville Village

      Fully renovated commercial space with high visibility and flexible zoning.
      64 Broadway, Amityville, NY 11701
      View Details
    • $799,000
      17,000 SF

      Mixed-Use Building on Route 110

      Mixed-use property with apartments, office space, and development potential.
      622 Broadway, Amityville, NY 11701
      View Details
    • $3,600,000
      12,000 SF

      Amityville Flex Space with Warehouse

      Flex space with warehouse, office, and excellent corporate image.
      8400 New Horizons Blvd, Amityville, NY 11757
      View Details
    • $2,799,999

      Amityville Redevelopment Opportunity

      Corner parcel in Amityville Village with redevelopment potential.
      4 Burch ave, Amityville, NY 11701
      View Details
    • $1,999,990

      Amityville Land in E Business Zone

      Commercial land in Amityville's E Business Zone for sale.
      770 N Broadway, Amityville, NY 11701
      View Details
    • $1,999,990

      Amityville Land For Sale

      0.95 acre commercial land in Amityville, NY.
      770 N Broadway, Amityville, NY 11701
      View Details
    • $849,000

      Mixed-Use Retail and Office Building

      Well-maintained mixed-use building with renovated interiors, flexible ground-floor space, and usable upper-level room for varied concepts.
      159 Broadway, Amityville, NY 11701
      View Details
    • $1,500,000
      4,500 SF

      Amityville Multi-Tenant Investment Property

      Multi-tenant investment property with retail and entertainment space.
      74 Merrick Rd, Amityville, NY 11701
      View Details
    • $205,000
      5,675 SF

      Commercial Land in Amityville, NY

      Commercial bungalow suitable for office building development in Amityville.
      242 Albany Avenue, Amityville, NY 11701
      View Details
    • $4,125,000
      16,500 SF

      Amityville Industrial Property For Sale

      16,500 SqFt industrial property available in Amityville, NY.
      50 Ranick Drive East, Amityville, NY 11701
      View Details
    • Contact for pricing
      16,500 SF

      Amityville Warehouse Space Available

      16,500 sqft warehouse space for sale in Amityville.
      50 Ranick Dr E, Amityville, NY 11701
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land in an E Business Zone, positioned across from a new apartment development for retail or professional use.
    Where is this commercial land located?
    The property is located at 770 N Broadway Amityville, NY.
    What is the asking price?
    The asking price for this property is $1,999,990.
    What are key features of this property?
    This property features: Commercial land in an E Business Zone; Located across from the “Greybarn” development with W/500 new apartments; Suitable for retail or professional use
    (631) 842-8400
    We can help!
    Listing Contact
    GERALD E. O NEILL
    Real Estate License ID: 10301218250
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    770 N Broadway, Amityville, NY 11701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!