3264 Route 112 Medford, NY 11763
This exceptional 4-acre commercial land parcel presents a remarkable development opportunity in Medford, NY. Strategically located on Route 112 at a four-way traffic light, this J2-zoned property boasts unparalleled visibility and accessibility. Situated directly across from the bustling Brookhaven Executive Center Office Park, the site benefits from the high traffic volume of approximately 25,000 vehicles daily. Its prime location offers easy access to major thoroughfares like the Long Island Expressway and Sunrise Highway, ensuring convenient commutes for employees and customers. Surrounded by established local and national retailers, this property is ideal for a diverse range of commercial developments, including retail spaces or professional office buildings. The substantial lot size and high traffic counts make this an exceptional investment opportunity with significant potential for growth and return. The property's zoning (J2) allows for a variety of commercial uses, making it a versatile and attractive option for developers seeking a high-impact location in a thriving market. The asking price is $3,400,000. Don't miss this chance to acquire a premier commercial property in a highly desirable area of Long Island.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.