601 Portion RdLake Ronkonkoma, NY 11779

Property Details for 601 Portion Rd

Lot size

13.78 AC

Property type

Retail properties

Property subtype

Super regional malls

APN

0200-649.00-01.00-002.002

APU

200649000100002002

Description

Lake Shore Plaza, located at 601 Portion Road in Lake Ronkonkoma, NY 11779, offers a diverse range of office spaces within a thriving retail center. This Class B property, built in 1988, comprises four buildings totaling 87,560 square feet across two stories. The property features a variety of office subtypes, including traditional, executive, and creative office spaces, with suites ranging from a minimum of 487 square feet to a maximum contiguous space of 1,656 square feet. A total of 13 suites are available across the buildings. Currently, 4,211 square feet of office space is vacant. The property sits on a 10.35-acre lot (99,565 square feet) and boasts ample parking with 571 spaces. One elevator services the building. The property is situated in a high-traffic area, fronting Portion Road, and benefits from its proximity to numerous national and regional tenants, including ShopRite, Pet Supplies Plus, Wells Fargo, and others. This location offers excellent visibility and accessibility. The property also includes retail space and outparcels. The property's APN is 0200-649-00-01-00-002-002 and is located in Suffolk County.

• CAP approach

  CAP return

  Valuation

  6%

  $145,883,408

  6.5%

  $134,661,600

  7%

  $125,042,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $197,642,544

  Geo Method

  $197,642,544

• Alternative Use

  Use

  Valuation

  Residential

  $113,592,104

  Hospitality

  $104,049,752

  Educational

  $86,568,176

  Medical

  $89,545,384

  Retail

  $134,661,600

Location Insight

City

Ronkonkoma

County

Suffolk

State

New York

Latitude

40.8319

Longitude

-73.0889

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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