371 Smithtown Byp, Smithtown, NY 11788
The Hauppauge Shopping Center, a vibrant retail hub situated in Suffolk County, New York, presents a compelling investment opportunity. Strategically located at the intersection of Route 111 and Route 347 in Hauppauge, this 134,000 square foot shopping center boasts a prime location with excellent visibility and accessibility. The property sits on a generous 15-acre lot and offers ample parking with 603 spaces to accommodate customers and employees. Currently, there are multiple spaces available, ranging from a minimum of 1,085 square feet to a maximum contiguous space of 6,019 square feet; a total of 8,121 square feet is currently vacant. The center is anchored by well-established and popular tenants, ShopRite and Panera Bread, providing a strong draw for shoppers. This diverse tenant mix also includes a variety of shops and services catering to a broad range of consumer needs, encompassing fast-casual dining options, health and beauty retailers, and banking services. This established center offers a unique opportunity for businesses seeking high-traffic exposure in a thriving community. The property's size, location, and existing tenant base make it an attractive proposition for both established businesses and new ventures seeking a foothold in a successful retail environment. The significant parking capacity ensures convenient access for customers, further enhancing the overall shopping experience.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.