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    1032 Portion Rd Farmingville, NY 11738

    Sponsored
    For Sale
    $900,000

    Prime Location, High Traffic, Vacant

    Property size:
    1,038 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 1,038 sq ft vacant retail building, situated on a 0.29-acre lot at 1032 Portion Rd, Farmingville, NY 11738, presents a unique investment opportunity. Built in 1960, this single-story structure boasts a desirable J-2 zoning and features double drive-thru lanes, two curb cuts, and excellent visibility from its corner location on Portion Road and Warren Street. The property benefits from high traffic volume, with nearly 21,000 cars passing daily. Its strategic location within a densely populated area (236,000 people within a 5-mile radius) and a high median household income (over $118,000 within a 1-mile radius) makes it ideal for a variety of uses, including a bank, convenience store, QSR, or similar retail establishment. The asking price is $900,000, offering a potential for strong returns. The property has 145 feet of frontage on Portion Road. This fee-simple ownership opportunity is ready for immediate occupancy.

    Property Features for 1032 Portion Rd

    General Information

    Property type
    Restaurants
    Square Feet
    1,038 SF
    Lot Size
    12,632 SF

    Building Details

    Year Built
    1960
    Buildings
    1
    Stories
    1
    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Barn Convenience Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmingville
    County
    Suffolk
    State
    New York
    Longitude
    -73.0678517
    Latitude
    40.8349364

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    FAQs

    What type of property is this?
    Restaurant - Prime Location, High Traffic, Vacant
    Where is this restaurant located?
    The property is located at 1032 Portion Rd Farmingville, NY.
    What is the asking price?
    The asking price for this property is $900,000.
    Request Owner's contact information
    1032 Portion Rd Farmingville, NY 11738
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    Farmingville, NY 11738
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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
    1032 Portion Rd Farmingville, NY 11738
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