Property profile

390 Moffitt Blvd Islip, NY 11751

FOR SALE
Warehouses
Property ID
US63-1194374
0.23 ac lot
Individually Owned 3-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Plumbing Service General Contractor

Location

390 Moffitt Blvd Islip, NY 11751
Islip metro Census 147401 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$730k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$850k

Owner & transaction history

since 2023
Last sale
$895,000
2 recorded transactions
2023
$895,000
2022
Price N/A

Zoning & alternative use

IND1 · Islip, NY
Zoning description

This district is designed for a wide range of industrial and related activities which can meet a reasonable level of performance standards as set forth in the Subdivision and Land Development Regulations and this article…

General category INDUSTRIAL

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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More about this property
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