4245 Middle Country Rd Calverton, NY 11933

Property Details for 4245 Middle Country Rd

Lot size

0.85 lot acres

Property size

224,900 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity encompasses two industrial properties situated at 4245 & 4227 Middle Country Road, Calverton, NY 11933, within Suffolk County. The combined offering totals approximately 224,900 square feet of industrial space, boasting a 30-foot ceiling height, and is zoned Industrial C. The property features ample parking with 302 car stalls and 61 trailer stalls. Loading capabilities are available, built to suit tenant requirements. The properties sit on a combined lot size ranging from 0.85 to 29.15 acres, presenting a significant opportunity for expansion or redevelopment. The current asking price is available upon request. This offering presents a compelling investment opportunity in a robust market characterized by strong rental growth and historically low vacancy rates. The Long Island industrial market, and specifically Suffolk County, has experienced significant growth since 2014, with rent increases exceeding 49% and vacancy rates consistently below 5%. The current market boasts a 3.0% vacancy rate in Suffolk County, and a 3.4% vacancy rate across Long Island, underscoring the high demand for industrial space. The potential for future development is further enhanced by the possibility of adding approximately 354,900 square feet of additional space. This property offers a rare chance to acquire a substantial industrial portfolio in a prime location with significant upside potential. The cap rate is 3.40%, and the price per square foot is $14.67. Detailed financial information and property specifics are available upon request.