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    258 Portion Rd Lake Ronkonkoma, NY 11779

    Sponsored
    For Lease
    $18 SF/Yr

    Lake Ronkonkoma retail center, multiple spaces available.

    Lot size:
    107,444 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Meat Farms Center, located at 258 Portion Road in Lake Ronkonkoma, NY 11779, presents a prime retail investment opportunity. This established shopping center, totaling 107,444 square feet, comprises three single-story buildings on a 7.1-acre lot. Built in 1961 and renovated in 2002, the property offers 15 suites, with a minimum divisible space of 2,058 square feet and a maximum contiguous space of 16,320 square feet. Currently, 26,967 square feet are vacant, providing significant potential for new tenants. The center boasts 378 parking spaces and is zoned J-3 Business Retail. Its strategic location on Portion Road ensures high visibility and accessibility, serving a substantial population within a five-mile radius. The property benefits from strong existing tenants, including Giunta's Meat Farms, Advance Auto Parts, Ivy Rehab, Checkers, the US Post Office, and Retro Fitness. This well-established center offers a unique opportunity to capitalize on a thriving retail market in Suffolk County. The property's APN is 0200-689-00-05-00-001-000.

    Property Features for 258 Portion Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    107,444 SF
    Total Rate
    161166

    Building Details

    Year Built/Renovated
    1961/2002
    Buildings
    3
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 278A
    Size
    4,014 SF
    Rate per SF
    $18
    Space
    Suite 262-276
    Size
    13,782 SF
    Rate per SF
    $18

    HighLights

    • Major tenants include Giunta's Meat Farms, Retro Fitness, U.S. Post Office, and Advance Auto Parts.
    • Neighborhood shopping center totaling 107,444 square feet.
    • 15 retail suites, with 26,967 square feet currently vacant.
    • 378 parking spaces.
    • Conveniently located minutes from the Long Island Expressway.
    • Strong demographics: 238,000 residents within a five‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Checkers Fast Food Restaurant Ronkonkoma Capital Management Financial Planner

    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
    Lake Ronkonkoma
    County
    Suffolk
    State
    New York
    Longitude
    -73.1018236
    Latitude
    40.8272023

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Retail property - Lake Ronkonkoma retail center, multiple spaces available.
    Where is this retail property located?
    The property is located at 258 Portion Rd Lake Ronkonkoma, NY.
    What is the lease rate?
    The lease rate is $18-$18 SF/Yr.
    What are key features of this property?
    This property features: Major tenants include Giunta's Meat Farms, Retro Fitness, U.S. Post Office, and Advance Auto Parts.; Neighborhood shopping center totaling 107,444 square feet.; 15 retail suites, with 26,967 square feet currently vacant.
    Request Owner's contact information
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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

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    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
    258 Portion Rd Lake Ronkonkoma, NY 11779
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