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    643 Old Medford Ave Medford, NY 11763

    Sponsored
    For Sale
    $749,000

    Prime Medical Office, 2,500 SF, 0.51 Acres

    Property size:
    2,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,500 square foot medical office building opportunity is situated on a highly visible 0.51-acre lot in Medford, New York. Located on heavily trafficked Route 112 (Medford Avenue) in Suffolk County, this property boasts over 100 feet of frontage, ensuring maximum exposure to the more than 20,000 vehicles passing daily. The site is strategically positioned near a mix of local and national retailers, providing convenient access for patients and staff. Its proximity to Patchogue Village and major thoroughfares offers excellent accessibility. The property is zoned for medical use and comes with approved plans for a 2,500 square foot medical office building, making it an ideal investment for healthcare professionals seeking a turnkey solution or developers looking for a quick start on a profitable venture. The asking price is $749,000. The property's address is 643 Old Medford Avenue, Medford, NY 11763. This prime location and the existing approvals represent a rare opportunity in the thriving Long Island market. Don't miss this chance to acquire a highly visible and well-located medical office building.

    Property Features for 643 Old Medford Ave

    General Information

    Property type
    Medical offices
    Square Feet
    2,500 SF
    Lot Size
    22,216 SF

    HighLights

    • Over 100 feet of frontage on Route 112.
    • Daily traffic exceeding 20,000 vehicles.
    • Excellent visibility near national and local retailers.
    • Approved plans for a 2,500 sq ft medical office building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    Medford
    County
    Suffolk
    State
    New York
    Longitude
    -72.9814877
    Latitude
    40.8348987

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, 2,500 SF, 0.51 Acres
    Where is this medical office located?
    The property is located at 643 Old Medford Ave Medford, NY.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: Over 100 feet of frontage on Route 112.; Daily traffic exceeding 20,000 vehicles.; Excellent visibility near national and local retailers.
    Request Owner's contact information
    643 Old Medford Ave Medford, NY 11763
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    Medford, NY 11763
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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
    643 Old Medford Ave Medford, NY 11763
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