Property profile

309 Main St Islip, NY 11751

FOR LEASE
Office buildings
Property ID
US63-1061745
0.56 ac lot
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,500 square foot office space, located at 309 Main Street in Islip, NY 11751, presents a fantastic opportunity for businesses seeking a prominent presence in a vibrant community. The property is classified as Class C and offers a single-tenant occupancy within a larger building totaling 8,034 square feet. The space boasts a spacious and well-lit layout, perfect for a variety of office uses. Recent renovations include brand new lighting, windows, paint, and wiring, ensuring a modern and efficient workspace. Its location on Main Street provides excellent visibility and convenient access for clients and employees. The property's proximity to major roadways ensures easy commuting and accessibility for a wide range of clientele. This adaptable space is ready for immediate occupancy and offers a unique chance to establish or expand your business in a thriving Islip neighborhood. The building is a traditional office building, also suitable for executive office needs. Don't miss this chance to secure a highly visible and well-maintained office space in a desirable location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Lot 0.56 ac (24,394 SF)
Zoning code GST
APN 0500-370.00-01.00-062.000
UPID US63-1061745

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Post Office Logistics Service
  • Auto Repair Shop
  • Insurance Agency
  • Production Facility

Location

309 Main St Islip, NY 11751
Islip metro Census 147401 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2019
3 recorded transactions
2019
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

GST · Islip, NY
Zoning description

It is the intent of the Town Board to create a zoning district which would be an economically viable alternative to the existing designation, but which would not result in the adverse effects so described, The provisions…

General category OPEN_SPACE

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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