Property profile

2343 Middle Country Rd Centereach, NY 11720

OFF-MARKET
Showrooms
Property ID
US63-1076157
1 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional value-add retail property, located at 2343 Middle Country Road in Centereach, New York, presents a compelling investment opportunity. The 8,459-square-foot building sits on a one-acre lot (43,560 sq ft) and offers ample on-site parking for 42 vehicles. Currently vacant, this property is ready for immediate occupancy by an owner-user or a savvy investor seeking to lease to a variety of tenants. Built in 2005 and renovated in 2015, the single-story building is zoned J2, permitting a wide range of uses including restaurants, bars, offices, retail stores, and more. Its prime location along Route 25 places it within a thriving retail corridor, boasting an average daily traffic count exceeding 40,274 vehicles and a median household income of $124,111 within a one-mile radius. The asking price is $2,200,000. This property offers significant potential for growth and return on investment, making it an attractive proposition for discerning buyers. The property's features include a single unit, and the Suffolk County APN is 0200-515-00-01-00-003-000. The zip code is 11720.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Lot 1 ac (43,560 SF)
APN 0200-515.00-01.00-003.000
UPID US63-1076157

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
  • (Bike/Boat/Book/etc) Store

Location

2343 Middle Country Rd Centereach, NY 11720-3660
Centereach metro Census 158103 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
$2.08M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.79M

Owner & transaction history

since 2022
Last sale
$1.9M
7 recorded transactions
2022
$1.9M
2017
Price N/A
2017
$1.6M
2014
$850,000
2014
$500,000
2005
$1.1M
1969
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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