Property summary
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
VerifiedCap rate & NOI
Current use
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Plumbing Service General Contractor
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Islip market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
IND1 · Islip, NYThis 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IND1 in Islip, NY.
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