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    OFF-MARKET
    Lifestyle centers

    371 Smithtown Byp, Smithtown, NY 11788

    134,000 SF
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
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