16 Ludlam Ave, Bayville, NY 11709-3202
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.