289 E Main St, Smithtown, NY 11787
For Lease
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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.
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 Sale
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.