16 Middle Country RdCoram, NY 11727

Property Details for 16 Middle Country Rd

Lot size

1.26 AC

Property type

Investment properties

Property subtype

Retail residential properties

APN

0200-430.00-03.00-022.001

APU

200430000300022001

Description

This exceptional retail property, located at 16 Middle Country Road in Suffolk County, offers a total of 1,820 square feet of commercial space currently available for lease. The building is configured to accommodate multiple tenants, with two spaces of 910 square feet each currently vacant and ready for immediate occupancy. Each space offers a generous 910 square feet of adaptable retail area, perfect for a variety of businesses. The property boasts ample parking with 72 spaces available for customers and employees, ensuring convenient access and a positive shopping experience. The property's location on Middle Country Road provides excellent visibility and accessibility, making it an ideal location for businesses seeking high foot traffic and strong brand exposure. This is a rare opportunity to secure a well-positioned retail space in a thriving Suffolk County market. The entire 1,820 square feet can be leased, or each individual 910 square foot space can be leased separately. The property's layout is flexible and can be adapted to suit the specific needs of prospective tenants. With its convenient location, ample parking, and readily available space, this property presents a compelling investment opportunity for businesses seeking a strong foothold in a desirable retail market. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $11,252,126

  6.5%

  $10,386,578

  7%

  $9,644,680

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,115,677

  Geo Method

  $11,115,677

• Alternative Use

  Use

  Valuation

  Residential

  $10,386,578

  Hospitality

  $9,514,050

  Educational

  $7,915,578

  Medical

  $8,187,806

  Retail

  $12,313,121

Location Insight

City

Coram

County

Suffolk

State

New York

Latitude

40.874

Longitude

-72.9781

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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