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    227 Medford Ave Patchogue, NY 11772

    Sponsored
    For Sale
    $700,000

    Prime location, vacant 525 sq ft building.

    Property size:
    525 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 525-square-foot vacant retail building, located at 227 Medford Avenue in Patchogue, New York, presents a unique redevelopment opportunity. Situated on a 0.29-acre lot, the property boasts 60 feet of frontage on busy Medford Avenue (Route 112) and additional driveway access from Vernon Street, providing excellent visibility and accessibility. Built in 1960, this single-story building features a double drive-thru lane, ideal for a variety of uses. The property is zoned J-2

    Property Features for 227 Medford Ave

    General Information

    Property type
    Restaurants
    Square Feet
    525 SF
    Lot Size
    12,632 SF

    Building Details

    Year Built
    1960
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 60 feet of frontage on Medford Avenue (Route 112).
    • Driveway access from Vernon Street.
    • Two curb cuts.
    • High traffic count: Nearly 25,000 vehicles pass daily.
    • Strong demographics: 157,000 residents within a 5‑mile radius.
    • High median household income: Over $102,000 within a 1‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon 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
    Patchogue
    County
    Suffolk
    State
    New York
    Longitude
    -73.0073888
    Latitude
    40.775226

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    FAQs

    What type of property is this?
    Restaurant - Prime location, vacant 525 sq ft building.
    Where is this restaurant located?
    The property is located at 227 Medford Ave Patchogue, NY.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 60 feet of frontage on Medford Avenue (Route 112).; Driveway access from Vernon Street.; Two curb cuts.
    Request Owner's contact information
    227 Medford Ave Patchogue, NY 11772
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    Patchogue, NY 11772
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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
    227 Medford Ave Patchogue, NY 11772
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