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    31-95 Route 111 Smithtown, NY 11787

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    For Lease
    Contact for pricing

    Smithtown, NY Shopping Center - Lease Opportunity

    Lot size:
    97,888 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail opportunity presents itself within the well-maintained Hillside Village Center, a 97,888 square foot shopping center located at 31-95 Route 111 in Smithtown, New York, 11787. Situated in Suffolk County, this prime location boasts excellent visibility and accessibility with frontage on Route 111/Happauge Road, just south of Main Street. The center is anchored by Uncle Giuseppe's Marketplace and features other established national tenants such as Cabo Fresh, Carvel Ice Cream, and Bank of America, ensuring a strong and consistent customer base. Currently, there is 16,800 square feet of vacant retail space available for lease, offering flexibility for businesses of various sizes. Spaces are divisible to a minimum of 1,800 square feet, with a maximum contiguous space of 15,000 square feet, providing options to suit diverse needs. This property presents a unique chance to establish or expand a business within a thriving retail environment in a highly desirable Long Island location, specifically within the Smithtown/Village of the Branch area. The property is categorized as a multi-tenant shopping center. Interested parties should inquire about lease terms and availability.

    Property Features for 31-95 Route 111

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    97,888 SF

    Unit(s) available at that property

    Space
    13B
    Size
    1,900 SF
    Space
    13C
    Size
    11,300 SF
    Space
    13A
    Size
    2,100 SF

    HighLights

    • High‑traffic retail center in a dense trade area.
    • 47,000 average annual daily traffic count (AADT).
    • 97,888 square feet of gross leasable area (GLA).
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Smithtown
    County
    Suffolk
    State
    New York
    Longitude
    -73.186281
    Latitude
    40.8539434

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    FAQs

    What type of property is this?
    Lifestyle center - Smithtown, NY Shopping Center - Lease Opportunity
    Where is this lifestyle center located?
    The property is located at 31-95 Route 111 Smithtown, NY.
    What are key features of this property?
    This property features: High-traffic retail center in a dense trade area.; 47,000 average annual daily traffic count (AADT).; 97,888 square feet of gross leasable area (GLA).
    Request Owner's contact information
    31-95 Route 111 Smithtown, NY 11787
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    Smithtown, NY 11787
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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
    31-95 Route 111 Smithtown, NY 11787
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