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    115 Albany Ave Amityville, NY 11701

    Sponsored
    For Sale
    $16,500,000

    Large warehouse, 3.4 acres, 7 docks.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial property, located at 115 Albany Avenue in Amityville, New York, presents a significant investment opportunity. The warehouse building sits on a substantial 3.4-acre lot and features seven loading docks, ensuring efficient and seamless operations. The high ceiling height of 26 feet provides ample vertical space for storage and various industrial uses. The property is classified as a Net Lease, with an occupancy date of January 1st, 2025. Situated in the Town of Babylon, Suffolk County, NY (zip code 11701), this location offers potential tax benefits for new tenants through the Town of Babylon IDA. The asking price for this single-building warehouse is $16,500,000. The property's strategic location and substantial size make it an ideal choice for businesses seeking a large-scale warehouse facility in a well-established industrial area of Long Island. This is a rare opportunity to acquire a significant industrial asset with excellent potential for long-term growth and profitability. The property's features and location combine to create a compelling investment proposition.

    Property Features for 115 Albany Ave

    General Information

    Property type
    Distribution properties
    Lot Size
    148,104 SF

    Building Details

    Buildings
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Lambro Industries, Inc Manufacturer

    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
    Amityville
    County
    Suffolk
    State
    New York
    Longitude
    -73.413861446271
    Latitude
    40.685804229937

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    FAQs

    What type of property is this?
    Distribution property - Large warehouse, 3.4 acres, 7 docks.
    Where is this distribution property located?
    The property is located at 115 Albany Ave Amityville, NY.
    What is the asking price?
    The asking price for this property is $16,500,000.
    Request Owner's contact information
    115 Albany Ave Amityville, NY 11701
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    Amityville, NY 11701
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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
    115 Albany Ave Amityville, NY 11701
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