513 Ny-112 Coram, NY 11727
- Retail properties
- 2,400 SF
- 1.06 lot acres
Current Use by Public Records
- Retail properties
Property Details for 513 Ny-112
- Lot size
- 1.06 lot acres
- Property size
- 2,400 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Coram
- County
- Suffolk
- State
- New York
- Longitude
- -73.051
- Latitude
- 40.9301
