Property summary
This exceptional Bayville commercial property, located at 16 Ludlam Avenue, presents a unique opportunity for a variety of businesses. The 3,300 square foot building offers a flexible, open floor plan ideal for retail, warehouse, or redevelopment projects. Benefitting from excellent street visibility, the property features large glass windows showcasing the interior space. High ceilings, measuring 13 feet, add to the spacious feel and potential for creative layouts. A recently updated bathroom, complete with a convenient slop sink located outside, enhances the property's functionality. Significant recent improvements include a new HVAC system and roof, ensuring low maintenance costs for the new owner. Five designated parking spaces are available for customer and employee convenience, and the property also provides access to a backyard area. While the roll-up overhead door is currently sealed, its restoration would significantly enhance the property's utility, particularly for businesses requiring loading or unloading capabilities. This property represents a rare opportunity in the desirable Bayville market, offering a substantial space with significant potential for growth and adaptation. The combination of its location, size, and recent upgrades makes this an attractive investment.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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