Property profile

0 Horseblock Rd. & Old Medford Ave Centereach, NY 11738

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional commercial land parcel, located at the intersection of Horseblock Rd. and Old Medford Ave. in Centereach, NY (zip code 11738), presents a unique investment opportunity. Priced at $3,750,000, this property boasts a prime location, zoned J4, and offers significant development potential. Its strategic position at a traffic light ensures high visibility and accessibility, further enhanced by its proximity – just a quarter-mile – to the Long Island Expressway (LIE). The area is experiencing robust growth, with a 228,000 square foot logistics center under construction three miles south and a 700,000 square foot distribution center 1.6 miles to the east. Adding to its appeal, a recently developed storage facility is located next to an established retail center less than a quarter-mile away. This thriving retail environment includes familiar names such as BP Gas Station, C-Town, Dunkin' Donuts, Wingstop, and Subway. The property's daily traffic count (DTC) is 14,111, underscoring its high-traffic potential. This corner lot presents a compelling opportunity for investors seeking to capitalize on the area's dynamic growth and strong retail presence. The J4 zoning provides flexibility for a variety of commercial developments.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Location

Horseblock Rd. & Old Medford Ave Centereach, NY 11738
Centereach metro
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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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