12 Myrtle St Mount Sinai, NY 11766
- Retail properties
- 87,000 SF
- 8.54 lot acres
Current Use by Public Records
- Retail properties
Property Details for 12 Myrtle St
- Lot size
- 8.54 lot acres
- Property size
- 87,000 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
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.
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
