1415 Main St Oakdale, NY 11769

Property Details for 1415 Main St

Lot size

0.50 lot acres

Property type

Day care centers

Property subtype

Retail properties

Description

This exceptional 0.5-acre commercial land parcel at 1415 Main Street, Oakdale, NY 11769, presents a unique investment opportunity. Located directly on Main Street, this property benefits from its position within the Oakdale Vision Plan, a revitalization project aiming to enhance the downtown area. The Business 1 zoning allows for the construction of a one or two-story building up to 35 feet high, with a 40% floor area ratio (FAR). The site offers 120 feet of frontage on Main Street and is conveniently located near the Oakdale LIRR station and major roadways, including Sunrise Highway and the Southern State Parkway. The Town Planning Department has expressed support for a zone change to BD (Business District), which would significantly increase development potential, reducing side yard requirements to zero and increasing the FAR to 60%. This would allow for a mixed-use development, potentially including retail space and apartments. The property is ideal for various uses, including quick-service restaurants (QSR), pharmacies, and daycare centers. The asking price is $499,990. The property is currently ground leased. The area is experiencing significant infrastructure improvements, including the anticipated extension of the sewer line along Montauk Highway. This prime location, coupled with the potential for substantial development, makes this an attractive investment for both short-term and long-term growth.