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    OFF-MARKET
    Investment properties

    370 Hawkins Ave, Ronkonkoma, NY 11779-4244

    0.14 ac lot
    Entity Owned 12-yr Hold Free & Clear
    Property ID
    US63-4581138
    Property summary
    AI-generated overview

    This 350-square-foot vacant retail building, located at 370 Hawkins Ave, Ronkonkoma, NY 11779, presents a unique redevelopment opportunity. Situated on a 0.23-acre lot with 120 feet of frontage on Hawkins Avenue and the corner of Ryder Place, this property boasts two curb cuts and double drive-thru lanes. Built in 1960, the single-story building is zoned J-2 and offers significant potential for various uses, including a convenience store, coffee shop, quick-service restaurant, or tobacco shop. The property's strategic location benefits from high traffic volume, with nearly 14,000 cars passing daily. The surrounding area demonstrates strong demographics, featuring a median household income exceeding $114,000 within a one-mile radius and a population of over 226,000 people within a five-mile radius. The asking price is $725,000, representing a price per square foot of $2,071.43. The property is offered fee simple and was vacant as of March 15, 2023. This is an owner/user investment opportunity with significant upside potential.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Lot 0.14 ac (6,098 SF)
    APN 0200-688.00-04.00-014.000
    UPID US63-4581138
    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
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Simi Ent LLC · 12 yrs held
    Simi Ent LLC
    since 2014
    2 recorded transactions
    2014
    $250,000
    2010
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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