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    691 Wellwood Ave Lindenhurst, NY 11757

    Sponsored
    For Sale
    $975,000

    Prime location, high traffic, redevelopment potential.

    Property size:
    475 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This vacant, 475 sq ft retail building, formerly a Dairy Barn, is situated on a 0.3-acre lot at 691 Wellwood Ave, Lindenhurst, NY 11757. Boasting a desirable location on the corner of South Straight Path, this property benefits from 50 feet of frontage on Wellwood Avenue and sees almost 34,000 cars pass daily. The building, constructed in 1960, features a single story, one unit, and includes a double drive-thru lane and three curb cuts. The BUS E zoning permits a variety of uses, making it ideal for an owner/user seeking a convenience store, coffee shop, quick-service restaurant, or similar business. With a median household income exceeding $108,000 within a one-mile radius and a population of nearly 299,000 people within five miles, this location offers significant market potential. The asking price is $975,000, translating to $2,052.63 per square foot. The property is vacant and available immediately. This fee-simple ownership opportunity presents a unique chance to establish a thriving business in a high-traffic area.

    Property Features for 691 Wellwood Ave

    General Information

    Property type
    Restaurants
    Square Feet
    475 SF
    Lot Size
    13,068 SF

    Building Details

    Year Built
    1960
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 50 feet of frontage on Wellwood Avenue.
    • Corner lot at South Straight Path.
    • Three curb cuts.
    • 299,000 residents within a 5‑mile radius.
    • Median household income exceeding $108,000 within a 1‑mile radius.
    • High traffic location with approximately 34,000 cars passing daily.
    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
    Lindenhurst
    County
    Suffolk
    State
    New York
    Longitude
    -73.3866877
    Latitude
    40.7036242

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    FAQs

    What type of property is this?
    Restaurant - Prime location, high traffic, redevelopment potential.
    Where is this restaurant located?
    The property is located at 691 Wellwood Ave Lindenhurst, NY.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: 50 feet of frontage on Wellwood Avenue.; Corner lot at South Straight Path.; Three curb cuts.
    Request Owner's contact information
    691 Wellwood Ave Lindenhurst, NY 11757
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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
    691 Wellwood Ave Lindenhurst, NY 11757
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