Technical
Financial
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Property profile

374 Main Rd Laurel, NY 11948

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 150,235 square foot commercial land parcel in Laurel, NY (Suffolk County, zip code 11948), located at 374 Main Rd, presents a compelling opportunity for developers. Zoned for Rural Corridor - Medical Office/Retail, this property offers a unique canvas for a built-to-suit project. Plans include a proposed 14,999+/- square foot, single-story structure featuring five medical/retail units, plus an additional 14,999+/- square feet of proposed basement storage. The development also incorporates 100 proposed parking spaces, including 10 ADA-compliant spaces. This project is designed to fully comply with the Riverhead Zoning Code. The asking price for this prime real estate is $1,995,000. Don't miss this chance to acquire a site perfectly positioned for a thriving medical or retail venture. The property's location offers excellent visibility and accessibility, making it an ideal investment for long-term growth and profitability. Detailed plans are available upon request.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Location

374 Main Rd Laurel, NY 11948
Laurel 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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