Property profile

371 Smithtown Byp Smithtown, NY 11788

OFF-MARKET
Lifestyle centers
134,000 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Lifestyle centers
Total area 134,000 SF

Cap rate & NOI

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

Location

371 Smithtown Byp Smithtown, NY 11788
Smithtown metro
Google Maps

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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