115 Baylis Rd Melville, NY 11747
- Commercial real estate
- 3.72 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 115 Baylis Rd
- Lot size
- 3.72 lot acres
- Property type
- Commercial real estate
Description
This exceptional 3.72-acre industrial development site is located at 115 Baylis Road, Melville, New York, 11747. Zoned for light industrial use, this mostly cleared and level parcel presents a significant opportunity for developers. The property's strategic location offers convenient access to major transportation arteries, being less than a mile from the Long Island Expressway (LIE). Preliminary assessments suggest the potential for constructing approximately 49,000 square feet of building space. A sewer line is conveniently located within approximately 500 feet of the property, simplifying infrastructure connections. Furthermore, the possibility of securing a tax abatement for new construction adds considerable value to this already attractive investment. This prime location, combined with the potential for substantial development and the possibility of tax incentives, makes this 3.72-acre site an exceptional opportunity for industrial development in the thriving Melville market. The asking price for this exceptional property is $7,995,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Melville
- County
- Suffolk
- State
- New York
- Longitude
- -73.4120563
- Latitude
- 40.7693145
