Property profile

271 Merritt Ave Wyandanch, NY 11798

FOR LEASE
Distribution centers
Property ID
US63-3218660
18,870 SF 3.45 ac lot
Entity Owned 3-yr Hold Free & Clear
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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

Location

271 Merritt Ave Wyandanch, NY 11798
Wyandanch metro Census 122406 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.78M
CAP Approach CAP
$4.45M
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.91M

Owner & transaction history

since 2023
Last sale
$6.0M
4 recorded transactions
2023
$6.0M
2017
Price N/A
2015
$1.3M
2015
Price N/A

Zoning & alternative use

G · Wheatley Heights, NY
Top alternative use upside
Office building $9.0M +123.2%
Auto repair, garage $6.9M +72.3%
Commercial (general) $5.7M +40.9%

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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