12 Myrtle St Mount Sinai, NY 11766
- Retail properties
- 88,000 SF
Current Use by Public Records
- Retail properties
Property Details for 12 Myrtle St
- Property size
- 88,000 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional Mount Sinai, NY property, located at 12 Myrtle St, 11766, offers a prime investment opportunity. The 88,000 square foot building, situated in Suffolk County, features a flexible layout ideal for various commercial uses. Currently, there are three suites available, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 42,800 square feet. A significant 87,800 square feet is currently vacant, presenting a substantial opportunity for immediate occupancy. The property is zoned for a mix of retail and office space, including medical office, as outlined in the approved Planned Development District (PDD) Master Plan by the Town of Brookhaven. This plan envisions a total of approximately 88,200 square feet of development, including retail space (potentially a market or grocery store), medical office space, and additional retail space, along with a 140-unit luxury rental complex. The site's strategic location on the south side of four-lane Route 25A, half a mile east of Route 112, ensures high visibility and accessibility. Furthermore, a new four-way signalized intersection at Route 25A and Myrtle Street, to be constructed by the master developer, will significantly enhance traffic flow and visibility. This presents a unique chance to acquire a substantial property with significant development potential in a rapidly growing 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
- Mount Sinai
- County
- Suffolk
- State
- New York
- Longitude
- -73.0295
- Latitude
- 40.9323
