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    505 Walt Whitman Rd Melville, NY 11747

    Sponsored
    For Lease
    Contact for pricing

    9,136 SF Medical Office for Lease

    Lot size:
    9,136 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9,136 square foot single-tenant medical office building is ideally situated in Suffolk County on 505 Walt Whitman Road. The property offers ample parking with approximately 50 spaces, and is strategically located for optimal accessibility and visibility. The building's prominent location on Route 110/Walt Whitman Road boasts high traffic volume, exceeding 35,200 vehicles per day. Its proximity to major roadways, including being just one mile north of the Northern State Parkway and two miles north of the Long Island Expressway (495), ensures convenient access for patients and staff. The entire building is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire space. The property is zoned for a variety of uses, including retail, office, and restaurant, offering flexibility for potential tenants. While currently configured as a medical office, the space can be adapted to suit various business needs. The potential for expanded parking is also being considered, further enhancing the property's appeal. This is a rare opportunity to secure a substantial, well-located commercial space in a high-traffic area of Suffolk County. All uses are considered, and divisions of the space may be possible. Inquire today to learn more about this outstanding property.

    Property Features for 505 Walt Whitman Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,136 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    9,136 SF

    HighLights

    • 9,136 square foot medical office building for lease in Suffolk County.
    • Single‑tenant occupancy.
    • 50 parking spaces (with potential expansion).
    • Excellent visibility and access with traffic light and high daily traffic counts (over 35,200 vehicles per day) on Route 110/Walt Whitman Road.
    • Convenient location, one mile from the Northern State Parkway and two miles from the Long Island Expressway (495).
    Property Profile Location Intelligence

    Current Use by Public Records

    STEINWAY PIANO GALLERY Electronics Store Spirit Halloween Costume Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Melville
    County
    Suffolk
    State
    New York
    Longitude
    -73.4102521
    Latitude
    40.8114086

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    FAQs

    What type of property is this?
    Restaurant - 9,136 SF Medical Office for Lease
    Where is this restaurant located?
    The property is located at 505 Walt Whitman Rd Melville, NY.
    What are key features of this property?
    This property features: 9,136 square foot medical office building for lease in Suffolk County.; Single-tenant occupancy.; 50 parking spaces (with potential expansion).
    Request Owner's contact information
    505 Walt Whitman Rd Melville, NY 11747
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    Melville, NY 11747
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    Realmo Value Estimation

    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.

    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.

    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
    505 Walt Whitman Rd Melville, NY 11747
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