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    186 Terry Rd Smithtown, NY 11787

    For Sale
    $1,599,000

    Multi-tenant retail building, excellent investment.

    Property size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Smithtown, NY retail property at 186 Terry Road presents a unique investment or owner-user opportunity. The 5,000 square foot building sits on a 1.06-acre lot and features three retail storefronts, ideal for a variety of commercial uses. With 30 parking spaces, ample customer convenience is ensured. The property is zoned for retail use and currently offers a flexible layout suitable for commercial kitchens, food production, or manufacturing facilities. The asking price is $1,599,000, translating to $319.80 per square foot. The building is a single-story Class C structure, offering significant potential for expansion. Available air rights of 4,500 square feet provide an opportunity to increase the building's footprint. This multi-tenant property is for sale by owner and located in Suffolk County, NY, zip code 11787. The property's prime location and versatile zoning make it an attractive investment for both seasoned investors and owner-operators seeking a strong foothold in the thriving Smithtown market. Don't miss this chance to acquire a well-positioned retail center with significant upside potential.

    Property Features for 186 Terry Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,000 SF
    Class
    C
    Lot Size
    46,174 SF

    Building Details

    Stories
    1
    Units
    3

    HighLights

    • Investment or owner‑user opportunity.
    • Suitable for commercial kitchen, food production, or manufacturing.
    • Ample parking with 30 spaces.
    • Features three retail storefronts.
    • 4,500 sq ft of available air rights for expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Panico's Community Market Market chubs meats Market

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Smithtown
    County
    Suffolk
    State
    New York
    Longitude
    -73.1688322
    Latitude
    40.8437125

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    FAQs

    What type of property is this?
    Individual retail property - Multi-tenant retail building, excellent investment.
    Where is this individual retail property located?
    The property is located at 186 Terry Rd Smithtown, NY.
    What is the asking price?
    The asking price for this property is $1,599,000.
    What are key features of this property?
    This property features: Investment or owner-user opportunity.; Suitable for commercial kitchen, food production, or manufacturing.; Ample parking with 30 spaces.
    Request Owner's contact information
    186 Terry Rd Smithtown, NY 11787
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    Smithtown, NY 11787
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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
    186 Terry Rd Smithtown, NY 11787
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