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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

12 Myrtle St Mount Sinai, NY 11766

87,000 SF 8.54 ac lot
Property ID
Property summary
AI-generated overview

This exceptional commercial development opportunity in Mount Sinai, NY, presents two contiguous parcels totaling 8.54 acres within a Planned Development District (PDD). The property boasts preliminary approvals and is strategically located on Route 25A, a major four-lane highway with high traffic volume (40,000+ ADT), just half a mile east of Route 112. Site #1, spanning 4.66 acres, offers projected development of 30,800 square feet of retail space. Site #2, encompassing 3.88 acres, is projected to yield 42,800 square feet of medical office space across two floors, along with an additional 14,600 square feet of retail space including drive-thru capabilities. The development plan includes a new four-way signalized intersection at Route 25A and Myrtle Street, to be constructed by the experienced master developer of the PDD. Public sewer connections are readily available. This prime location benefits from its proximity to major medical facilities, including JT. Mather (Northwell), St. Charles (CHS), and Stony Brook University Hospitals, ensuring strong demographics and high potential for success. The property is zoned J2 Brookhaven/PDD and is sub-dividable, offering flexibility for various development scenarios. This is a rare opportunity to acquire two parcels within a thriving commercial area, poised for significant growth and return on investment. The total buildable square footage is projected to be 87,000 square feet across two buildings.

Property profile
Verified
Property type Retail properties & Spaces
Total area 87,000 SF
Lot 8.54 ac (372,002 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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