Property profile

1468 Middle Country Rd Centereach, NY 11720

OFF-MARKET
Commercial land
Property ID
US63-4674679
0.1 ac lot
Entity Owned 22-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial opportunity presents a turnkey restaurant business and land parcel located at 1468 Middle Country Rd, Centereach, NY. The property encompasses a 4,356 square foot lot and features a well-established, 20-year-old restaurant business operating from a 30-foot long by 8-foot wide trailer known as "Yaya's Gyros." The business enjoys a strong track record of success within the community. The property is zoned J2, offering potential for various commercial uses. This is a rare chance to acquire a profitable, established business with significant growth potential. The sale includes the land, the existing restaurant trailer, and all associated business assets. The property's prime location on Middle Country Road ensures high visibility and accessibility, attracting a steady stream of customers. This is an ideal investment for an experienced restaurateur looking to expand their portfolio or a savvy entrepreneur seeking a proven business model in a desirable market. The established customer base and strong brand recognition provide a solid foundation for continued success. Serious inquiries only. The asking price for this unique opportunity is $279,000. Don't miss this chance to own a piece of Centereach's thriving commercial landscape.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.1 ac (4,356 SF)
APN 0200-488.00-06.00-003.000
UPID US63-4674679

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

1468 Middle Country Rd Centereach, NY 11720-3512
Centereach metro Census 158513 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2003
3 recorded transactions
2003
$119,500
2001
$35,000
1969
Price N/A

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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