Property profile

2220 Route 112 Coram, NY 11727

FOR LEASE
Turn key restaurants
Property ID
US63-0070847
0.82 ac lot
Entity Owned 21-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional two-acre commercial land parcel, located at 2220 Route 112 in Coram, New York, presents a unique opportunity for businesses seeking a strategic location in Suffolk County. Zoned J2, this single-tenant property offers significant potential for development. The expansive lot size provides ample space for a variety of commercial ventures, allowing for flexibility in design and construction. Situated in the vibrant community of Coram, the property benefits from excellent visibility and accessibility, ensuring high traffic exposure. The address, 2220 Route 112, provides convenient access to major transportation routes, facilitating seamless commutes for employees and customers alike. With its ideal location and generous acreage, this property is perfectly suited for businesses seeking to establish a strong presence in a thriving market. The property is currently available for lease, offering a blank canvas for ambitious entrepreneurs and established businesses alike. Interested parties are encouraged to explore the possibilities this exceptional land parcel offers. The zip code is 11727, and the property's coordinates are 40.8700178 latitude and -73.0050825 longitude. This is a rare opportunity to secure a substantial commercial land holding in a desirable Suffolk County location.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Lot 0.82 ac (35,719 SF)
APN 0200-450.00-03.00-022.001
UPID US63-0070847

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
  • Restaurant

Location

2220 Route 112 Coram, NY 11727
Coram metro Census 158116 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2005
1 recorded transaction
2005
$455,000

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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