241 Montauk Hwy Moriches, NY 11955
- Commercial real estate
- 2,800 SF
Current Use by Public Records
- Commercial real estate
Property Details for 241 Montauk Hwy
- Property size
- 2,800 SF
- Property type
- Commercial real estate
Description
This exceptional 2,800 square foot commercial property, located at 241 Montauk Highway in Moriches, NY, presents a compelling investment opportunity for developers, investors, and end-users. Boasting 151 feet of frontage on a high-traffic thoroughfare, this property benefits from excellent signage and visibility. The building itself features 16-foot ceilings, four bays, and three-phase power, along with air conditioning. Currently operating as a collision shop generating an annual gross income of $87,600, the property offers significant upside potential. Annual expenses, including taxes, total $13,497, resulting in a net operating income (NOI) of $74,103. The property's strong zoning and prime location, surrounded by established businesses such as King Kullen, McDonald's, CVS, Wendy's, Stop & Shop, Subway, Lidl, 7-Eleven, Kohl's, Marshall's, Michael's, Five Below, Verizon, Dunkin', Applebee's, AutoZone, and Famous Footwear, ensures high visibility and accessibility. This is an ideal site for redevelopment or expansion of an existing business, offering a rare opportunity to capitalize on a thriving commercial area. The property is priced at $1,650,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Moriches
- County
- Suffolk County
- State
- New York
- Longitude
- -72.8249
- Latitude
- 40.8081
