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Property profile

643 Old Medford Ave Medford, NY 11763

OFF-MARKET
Office Spaces
2,500 SF 0.51 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Office Spaces
Total area 2,500 SF
Lot 0.51 ac (22,216 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

643 Old Medford Ave Medford, NY 11763
Medford metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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