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    371 Smithtown Byp Smithtown, NY 11788

    For Lease
    Contact for pricing

    High-traffic retail center, spaces available

    Lot size:
    134,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    The Hauppauge Shopping Center, a vibrant retail hub situated in Suffolk County, New York, presents a compelling investment opportunity. Strategically located at the intersection of Route 111 and Route 347 in Hauppauge, this 134,000 square foot shopping center boasts a prime location with excellent visibility and accessibility. The property sits on a generous 15-acre lot and offers ample parking with 603 spaces to accommodate customers and employees. Currently, there are multiple spaces available, ranging from a minimum of 1,085 square feet to a maximum contiguous space of 6,019 square feet; a total of 8,121 square feet is currently vacant. The center is anchored by well-established and popular tenants, ShopRite and Panera Bread, providing a strong draw for shoppers. This diverse tenant mix also includes a variety of shops and services catering to a broad range of consumer needs, encompassing fast-casual dining options, health and beauty retailers, and banking services. This established center offers a unique opportunity for businesses seeking high-traffic exposure in a thriving community. The property's size, location, and existing tenant base make it an attractive proposition for both established businesses and new ventures seeking a foothold in a successful retail environment. The significant parking capacity ensures convenient access for customers, further enhancing the overall shopping experience.

    Property Features for 371 Smithtown Byp

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    134,000 SF

    Unit(s) available at that property

    Space
    Suite 18
    Size
    6,019 SF
    Space
    Suite 12
    Size
    1,085 SF
    Space
    Suite 17
    Size
    1,017 SF

    HighLights

    • 134,000 SF shopping center in Suffolk County.
    • Three retail spaces available, ranging from 1,017 SF to 6,019 SF.
    • 15‑acre site with 603 parking spaces.
    • Anchored by ShopRite and Panera Bread.
    • Minimum divisible space: 1,085 SF; maximum contiguous space: 6,019 SF; 8,121 SF currently vacant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Smithtown
    County
    Suffolk
    State
    New York
    Longitude
    -73.2017268
    Latitude
    40.8276551

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic retail center, spaces available
    Where is this lifestyle center located?
    The property is located at 371 Smithtown Byp Smithtown, NY.
    What are key features of this property?
    This property features: 134,000 SF shopping center in Suffolk County.; Three retail spaces available, ranging from 1,017 SF to 6,019 SF.; 15-acre site with 603 parking spaces.
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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
    371 Smithtown Byp Smithtown, NY 11788
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