Property profile

172 Wicks Rd Commack, NY 11725

FOR SALE
Commercial land
Property ID
US63-4236084
1.9 ac lot
Entity Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1.87-acre commercial land parcel presents a unique investment opportunity in the thriving Commack, New York market. Strategically situated across from a CVS shopping center, this property boasts a highly desirable location with excellent visibility and accessibility. The permitted zoning allows for the construction of a substantial 9,000 square foot professional office building, coupled with a 3,000 square foot residential dwelling, providing flexibility for a variety of development scenarios. The property's 1.87-acre size offers ample space for both projects, ensuring ample parking and potential for future expansion. Located at 172 Wicks Rd, Commack, NY 11725, in Suffolk County, this land offers a blend of commercial and residential potential, making it an attractive proposition for developers and investors seeking a prime location in a bustling area. The asking price for this exceptional property is $1,600,000. This presents a rare chance to acquire a significant land holding in a high-demand area with the potential for substantial returns. Don't miss this opportunity to secure a piece of Commack's vibrant commercial landscape.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.9 ac (82,764 SF)
APN 0400-225.00-04.00-042.001
UPID US63-4236084

Cap rate & NOI

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

Location

172 Wicks Rd Commack, NY 11725
Commack metro Census 112103 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2010
1 recorded transaction
2010
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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