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    FOR LEASE
    Distribution centers

    271 Merritt Ave, Wyandanch, NY 11798

    18,870 SF 3.45 ac lot
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US63-3218660
    Property summary
    AI-generated overview

    This exceptional 3.7-acre industrial land parcel presents a unique opportunity for businesses seeking a strategic location in Suffolk County, New York. Situated at 271 Merritt Ave in Wheatley Heights, this single-tenant property offers significant potential for development or expansion. The expansive lot size provides ample space for various industrial uses, allowing for flexibility in design and construction. The property's classification as industrial land ensures compatibility with a wide range of industrial operations. Located in Wyandanch, NY, with a zip code of 11798, this site benefits from convenient access to major transportation arteries, facilitating efficient logistics and distribution. The property is currently available for lease, presenting a compelling investment prospect for companies looking to establish or expand their operations in a thriving industrial area. The single-tenant nature of the property offers simplicity and control, making it an attractive option for businesses seeking a dedicated space. Detailed site plans and zoning information are readily available upon request. This prime industrial land offers a rare combination of size, location, and accessibility, making it an ideal choice for discerning businesses seeking a strategic foothold in the dynamic Suffolk County market. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

    Property profile
    Verified
    Property type Distribution centers
    Use group DISTRIBUTION WAREHOUSE
    Total area 18,870 SF
    Lot 3.45 ac (150,282 SF)
    Zoning code G
    APN 0100-039.00-04.00-035.000
    UPID US63-3218660
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $6.78M
    CAP Approach CAP
    $4.45M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $5.83M
    Owner & transaction history
    Merritt Rr LLC · 3 yrs held
    Merritt Rr LLC
    since 2023
    Last sale
    $6.0M
    4 recorded transactions
    2023
    $6.0M
    2017
    2015
    $1.3M
    2015
    Zoning & alternative use
    G · Wheatley Heights, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $9.0M +123.2%
    Auto repair, garage $6.9M +72.3%
    Commercial (general) $5.7M +40.9%
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    More about this property
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