For Sale
$2,950,000

513 Ny-112 Coram, NY 11727

Former IHOP, high-traffic location, ample parking.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a former IHOP restaurant located at 513 NY-112, Coram, NY 11727 in Suffolk County. The property encompasses a substantial 2,400 square feet situated on a 1.06-acre lot, providing ample space and potential for a variety of uses. The building is a single-story structure with 45 parking spaces, a significant advantage in a busy retail area. The property is offered fee simple, meaning complete ownership. Real estate taxes are currently $25,993 annually. This prime location offers high visibility and accessibility, making it an ideal site for a restaurant or other commercial enterprise. The substantial lot size allows for flexibility in development and expansion. The property's history as a successful restaurant establishes a proven track record in the location. This presents a unique chance to acquire a well-situated commercial property with significant upside potential in a thriving market. The property's size, parking, and location combine to create a compelling investment opportunity for both owner-users and investors seeking a strong return. This is a rare chance to own a piece of established commercial real estate in a desirable area.

Highlights

  • $2,950,000 asking price for a fee simple ownership.
  • 2,400 square foot retail building on a 1.06-acre lot.
  • Located at 513 NY-112, Coram, NY 11727, in a high-traffic retail area.
  • Features 45 parking spaces.
  • Annual real estate taxes are $25,993.

Property Details for 513 Ny-112

Property type
Retail properties, Restaurants
Square Feet
2,400 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
46,174 SF
Units
1

Location Insight

City
Coram
County
Suffolk
State
New York
Latitude
40.930144
Longitude
-73.050978

FAQs

What type of property is this?
Retail property - Former IHOP, high-traffic location, ample parking.
Where is the retail property located?
The property is located at 513 Ny-112 Coram, NY.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: $2,950,000 asking price for a fee simple ownership.; 2,400 square foot retail building on a 1.06-acre lot.; Located at 513 NY-112, Coram, NY 11727, in a high-traffic retail area.
How can I contact the broker?
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513 Ny-112
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