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    FOR SALE
    Warehouses

    390 Moffitt Blvd, Islip, NY 11751

    0.23 ac lot
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US63-1194374
    Property summary
    AI-generated overview

    This exceptional 9,710-square-foot industrial property, located at 390 Moffit Blvd in Islip, New York, presents a unique investment opportunity. The building, constructed in 1975 and extensively renovated in 2023, boasts a versatile design suitable for flex, manufacturing, or warehouse uses. The two-story structure features a 20-foot ceiling height, providing ample space for various operations. Improvements completed in 2023 include a new HVAC system, updated lighting, new siding, and four renovated bathrooms. The property sits on a 0.25-acre lot and includes a fenced yard with two convenient access points. Five dedicated parking spaces are available for employees and visitors. A comprehensive security system with cameras ensures the safety and security of the premises. The property is zoned Industrial 1 and is conveniently located adjacent to the Islip LIRR station, offering easy access to public transportation. The seller is open to considering a sale-leaseback arrangement with partial occupancy, providing flexibility for potential buyers. This turnkey property offers a blend of modern amenities and a prime location, making it an ideal choice for owner-users seeking a functional and well-maintained space. The gross lease structure simplifies management, and the multi-tenant capability offers potential for future income generation.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Lot 0.23 ac (10,019 SF)
    Zoning code IND1
    APN 0500-345.00-01.00-020.000
    UPID US63-1194374
    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
    Current use
    Occupant on record · Public records
    • Tom Siegfried Plumbing & Heating Co Plumbing Service General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $730k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $880k
    Owner & transaction history
    Raymond T Siegfrid · 3 yrs held
    Raymond T Siegfrid
    since 2023
    Last sale
    $895,000
    2 recorded transactions
    2023
    $895,000
    2022
    Zoning & alternative use
    IND1 · Islip, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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