24 Montauk Hwy Moriches, NY 11955
This exceptional 5+ acre commercial development site presents a compelling investment opportunity in the thriving Moriches, NY market. Located at 24 Montauk Highway, the property boasts over 444 feet of frontage, ensuring exceptional visibility and accessibility. The site benefits from a high traffic count, strategically positioned amongst a robust mix of national and regional retailers, including King Kullen, McDonald's, CVS, Wendy's, Stop & Shop, Subway, Lidl, 7-Eleven, Kohl's, Marshall's, Michael's, Five Below, Verizon, Dunkin', Applebee's, AutoZone, and Famous Footwear. This prime location guarantees significant exposure and strong potential for attracting a diverse clientele. The property is zoned L1/J2, offering considerable flexibility for various development projects. The existing infrastructure and high-traffic location make this an ideal site for new construction, expansion, or relocation of an existing business. This is a rare opportunity to acquire a substantial commercial parcel in a highly desirable area with significant upside potential. The asking price is $1,350,000. Serious inquiries only.
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 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.