550 Smithtown BypSmithtown, NY 11787

Property Details for 550 Smithtown Byp

Lot size

1.50 AC

Property type

Retail properties

Property subtype

Strip malls

APN

0800-158.00-01.00-076.001

APU

800158000100076001

Description

This exceptional Class A retail space, totaling 1,800 square feet, is situated within a larger 300,000 square foot building at 550 Smithtown Bypass, Smithtown, NY 11787. Located on the corner with double-wide frontage, this end-cap unit boasts excellent visibility and exposure in a bustling retail area. The space is part of a multi-tenant building constructed in 1987, featuring a desirable wide layout and high ceilings. Its prime location near Cross Street TT 111 places it amongst other prominent retailers, ensuring high foot traffic and visibility. The building is a two-story structure, and this particular unit is within a larger complex in Suffolk County. This is an ideal opportunity for a business seeking a high-traffic location in a thriving Smithtown retail environment. The space is ready for immediate occupancy and offers significant potential for growth. The property's address is easily accessible and benefits from its location within a well-established commercial district. This retail space presents a unique opportunity to establish or expand a business in a highly visible and desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $15,879,901

  6.5%

  $14,658,370

  7%

  $13,611,344

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,514,058

  Geo Method

  $21,514,058

• Alternative Use

  Use

  Valuation

  Residential

  $12,364,884

  Hospitality

  $11,326,167

  Educational

  $9,423,238

  Medical

  $9,747,318

  Retail

  $14,658,370

Location Insight

City

Smithtown

County

Suffolk

State

New York

Latitude

40.8322

Longitude

-73.1956

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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