513 Ny-112 Coram, NY 11727
This exceptional investment opportunity presents a former IHOP restaurant located at 513 NY-112, Coram, NY 11727 in Suffolk County. The property encompasses a substantial 2,400 square feet situated on a 1.06-acre lot, providing ample space and potential for a variety of uses. The building is a single-story structure with 45 parking spaces, a significant advantage in a busy retail area. The property is offered fee simple, meaning complete ownership. Real estate taxes are currently $25,993 annually. This prime location offers high visibility and accessibility, making it an ideal site for a restaurant or other commercial enterprise. The substantial lot size allows for flexibility in development and expansion. The property's history as a successful restaurant establishes a proven track record in the location. This presents a unique chance to acquire a well-situated commercial property with significant upside potential in a thriving market. The property's size, parking, and location combine to create a compelling investment opportunity for both owner-users and investors seeking a strong return. This is a rare chance to own a piece of established commercial real estate in a desirable area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.