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Property profile & analytics
OFF-MARKET
Investment properties

1590 Montauk Hwy Mastic, NY 11950-3012

0.12 ac lot
Entity Owned 15-yr Hold Free & Clear
Property ID
US63-0380181
Property summary
AI-generated overview

This exceptional 1.3-acre mixed-use property at 1590 Montauk Highway in Mastic, NY, presents a rare investment opportunity. Boasting a prime location at a four-way traffic light intersection, this site offers unparalleled visibility and accessibility. The property features approximately 200 feet of frontage along Montauk Highway, ensuring significant exposure to high traffic volume. The seller is open to flexible financing options, including a potential 20-year mortgage at market rate or a land lease agreement. The property is comprised of five buildable lots, but will be sold as a single parcel. The site's potential is further enhanced by the imminent arrival of sewer lines, significantly expanding development possibilities. Preliminary assessments suggest potential uses such as a convenience store (e.g., 7-Eleven) or a restaurant with seating for approximately 125 patrons. All four sides of the property offer street accessibility, providing ample opportunities for loading, unloading, and customer access. This is a unique chance to acquire a substantial commercial parcel in a thriving location with flexible financing terms. The property is being offered at $2,419,999.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Lot 0.12 ac (5,227 SF)
APN 0200-824.00-10.00-001.000
UPID US63-0380181
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
Current use
Occupant on record · Public records
  • Ice Cream Cottage Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
County Of Suffolk · 15 yrs held
County Of Suffolk
since 2010
2 recorded transactions
2010
$35,000
2010
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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