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    OFF-MARKET
    Retail properties & Spaces

    211-217 Smithtown Blvd, Nesconset, NY 11767

    Built 1960
    Property ID
    Property summary
    AI-generated overview

    American Investment Properties is retained to sell the properties located at 409-419 Lake Ave and 211-217 Smithtown Blvd, Nesconset, NY. At these locations are two freestanding retail strip centers that are located on the same parcel of land. Both buildings are fully-occupied and there are approximately 38 on-site parking spaces. This property is located near several other neighborhood amenities and is located close to the Smithtown Bypass & the Long Island Expy. Nesconset is a hamlet and census-designated place located within the Town of Smithtown, in Suffolk County, Long Island, New York, United States. The statistical area defined as Nesconset was expanded in the early 1970s to include a portion of what was Lake Ronkonkoma, New York. The area includes land from Gibbs Pond Road east to School House Road and from Brown’s Road south to Smithtown Boulevard. Two state highways pass through Nesconset: Middle Country Road (NY 25) and the Nesconset–Port Jefferson Highway (NY 347). The former forms the CDP’s northern border, while the latter traverses Nesconset diagonally; both routes intersect at the Nesconset–St. James border.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1960
    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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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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