Property profile

165 Ocean Ave Patchogue, NY 11772

OFF-MARKET
Specialty properties
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Property summary

AI-generated overview

This exceptional commercial property, located at 165 N Ocean Avenue in Patchogue, New York, presents a unique investment opportunity. The asking price is $900,000. Zoned RES B COMMERCIAL, this high-visibility corner lot offers significant potential for a variety of commercial ventures. Its prime location on Ocean Avenue ensures substantial foot traffic and excellent brand exposure. The sale includes an additional lot, identified by a separate tax map number, all conveyed under a single deed, providing an expansive footprint for development. The property is classified as Special Purpose Land and is situated in Suffolk County, New York, with a zip code of 11772. Its precise coordinates are 40.7690887 latitude and -73.0147428 longitude. The absence of existing buildings allows for complete design flexibility, catering to a wide range of commercial projects. This is a rare chance to acquire a substantial commercial parcel in a thriving village setting, offering unparalleled visibility and development potential. The property's size and zoning make it ideal for a variety of uses, subject to local regulations and approvals. Serious inquiries are encouraged to explore the possibilities this exceptional location offers. The combined lots offer a significant area for development.

Property profile

Verified
Property type Specialty properties

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Law Firm
  • Church

Location

165 Ocean Ave Patchogue, NY 11772
Patchogue metro
Google Maps

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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