Mattituck Retail Development
For Sale
Contact for pricing
9095 Old Sound Ave, Mattituck, NY 11952
Retail property suitable for restaurant development on 2.54 acres.
Property Size5,000 SF
Lot Size2.54 Acres
Price / SF$690
Days on Market150
Property Features for 9095 Old Sound Ave
General Information
Standard status
Active
Size
5,000 SF
Lot size
2.54 Acres
Property subtype
RETAIL
Listing Agency:
New York Commercial Real Estate
(631) 656-0360
Listed By:
Jack Jawdat · License #10311200981
(631) 838-8788
Source:
Moodyscre
Added: May 22
Changed: Oct 14
Last Checked: Oct 16 at 9:46AM
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 New York Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property, suitable for restaurant development, is situated on a 2.54-acre lot. The single-story building has a size of 5,000 square feet. The building has a Floor Area Ratio (FAR) of 0.05 and is zoned LB. The property provides 70 parking spaces and is an excellent development site.
Key Highlights
- Excellent Development Site: Prime opportunity awaits.
- Restaurant Property Subtype: Ideal for restaurant business or redevelopment.
- Large Lot Size (2.54 AC): Provides ample space for parking, expansion, or outdoor amenities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,755
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,955,100
$2.0M
Cap Rate 7%
$1,396,500
$1.4M
Cap Rate 9%
$1,086,167
$1.1M
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$150.0K $30.00/SF
− Vacancy
−$10.4K −$2.07/SF
EGI
$139.7K $27.93/SF
− OpEx
−$41.9K −$8.38/SF
NOI
$97.8K $19.55/SF
Area
Suffolk County, NY
Vacancy
6.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,955,100
Cap Rate 7%
$1,396,500
Cap Rate 9%
$1,086,167
Alternative Uses
Best Use
Retail
$1.40M
$1.22M – $1.63M
NOI $97,755 @ 7.0% cap · market cap 2.83%
Second Best
Specialty Retail
$1.30M
$1.14M – $1.52M
NOI $90,912 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,626 @ 7.0% cap · market cap 3.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Wendy's
Dining
3,431 visits/mo
0.2 miles
Demographics for 11952, NY
4,701
Population
2,773
Households
1.7
Avg Household Size
50
Median Age
51%
College-Educated
94%
High-School Grad
9.3 sq mi
ZIP Area
505
Density / Sq Mi
$116,667
Median Household Income
$55,625
Median Earnings
$2,081
Median Rent
$714,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail property - Retail property suitable for restaurant development on 2.54 acres.
Where is this retail property located?
The property is located at 9095 Old Sound Ave Mattituck, NY.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Excellent Development Site: Prime opportunity awaits.; Restaurant Property Subtype: Ideal for restaurant business or redevelopment.; Large Lot Size (2.54 AC): Provides ample space for parking, expansion, or outdoor amenities.
