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    FOR LEASE
    Investment properties

    289 E Main St, Smithtown, NY 11787

    2.26 ac lot
    Entity Owned Free & Clear
    Property ID
    US63-5972562
    Property summary
    AI-generated overview

    This exceptional 5,676 square foot medical office building is situated on a 2.73-acre lot at 289 East Main Street in Smithtown, NY 11787. The property is zoned for medical office use and boasts ample parking. Currently configured as a 5,676 square foot office space, the property has already received approval for a significantly larger 10,000 square foot medical building expansion plan. This presents a unique opportunity for expansion or redevelopment. Utilities include PSEG electric service, gas heating and air conditioning, and a septic system. The property's Assessed Parcel Number (APN) is 0803-003.000-0003-008.001. This prime location in Smithtown offers excellent visibility and accessibility, making it an ideal investment for medical professionals or developers seeking a high-growth area. The asking price for this exceptional property is $2,000,000. This represents a compelling investment opportunity in a thriving market. The substantial lot size and existing building provide a solid foundation for immediate use and future expansion. Don't miss this chance to acquire a well-located and versatile medical office property with significant upside potential.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Lot 2.26 ac (98,446 SF)
    APN 0803-003.00-02.00-008.001
    UPID US63-5972562
    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
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.18M
    Owner & transaction history
    Mland Associates LLC
    Mland Associates LLC
    since 2025
    Last sale
    $1.2M
    2 recorded transactions
    2025
    $1.2M
    2008
    $1.8M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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