228 E Main St Port Jefferson, NY 11777
For Lease
This exceptional 6,580-square-foot vacant bank building presents a unique redevelopment opportunity in the thriving Port Jefferson, New York market. Situated on a 0.16-acre lot at 228 E Main St, this property boasts a prime location just 60 miles from Manhattan, easily accessible via Interstate 495 or the Long Island Railroad. The area features a highly affluent population, with an average household income exceeding $150,939 within a one-mile radius. Benefit from proximity to numerous national and local tenants, including CVS, Starbucks, Dunkin', and Chase Bank. The property's strategic location directly adjoins the Port Jefferson Marina and ferry, providing convenient access to Connecticut. Furthermore, St. Charles Hospital, a 240+ bed facility, is located just half a mile away. The surrounding area boasts a robust population, with over 78,945 individuals within a five-mile radius and over 122,947 within a ten-mile radius. This presents a compelling investment opportunity with significant potential for future development and strong rental income. The asking price is $2,500,000, translating to $379.94 per square foot. The property is currently vacant and ready for immediate redevelopment. This is a rare chance to acquire a substantial commercial property in a high-demand location.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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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.