Property summary
This exceptional 33,000-square-foot industrial warehouse, situated on a 2-acre lot in South Farmingdale, New York, presents a compelling investment opportunity. Located at 388 Broadhollow Rd, Farmingdale, NY 11735, the property boasts a main building of 2,900 square feet with impressive 14-foot ceilings, two drive-in doors, and a 1,000-square-foot office space. The property currently functions as a self-storage facility, featuring 33 additional units, each with its own drive-in door (35 total drive-in doors), offering significant potential for expansion or redevelopment. The wide drive-in doors (8 feet wide) are ideal for storing various items, including cars, jet skis, and small boats. While there is no current Certificate of Occupancy for the multi-tenant buildings, the property offers substantial potential. The property benefits from excellent visibility with 100 feet of frontage on Route 110 and convenient access to sewer lines. The asking price is $6,500,000, translating to $196.97 per square foot. This property is perfect for an investor seeking a high-return opportunity in a prime Suffolk County location. The existing infrastructure and layout provide a solid foundation for a variety of uses, from continued self-storage operations to a complete redevelopment project. The substantial lot size and prominent road frontage offer significant development potential.
Property profile
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Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
G · Farmingdale, NYZoning
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Zoning designation
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