999 Montauk HwyShirley, NY 11967

Property Details for 999 Montauk Hwy

Lot size

28.82 AC

Property type

Super regional malls

APN

0200-851.00-03.00-050.002

APU

200851000300050002

Description

South Port Shopping Center, located at 999 Montauk Hwy in Shirley, NY (zip code 11967), offers exceptional retail opportunities in Suffolk County. This established shopping center boasts a total of 301,778 square feet and currently features two suites. A significant amount of space, totaling 33,020 square feet, is currently vacant and available for lease. Ideal for businesses seeking high visibility and ample space, the property offers flexible lease options. Units range from a minimum of 15,000 square feet to a maximum contiguous space of 18,020 square feet, providing versatility for various retail concepts. The center's strategic location on Montauk Highway ensures high traffic volume and excellent exposure to a substantial customer base. This presents a unique chance to establish or expand a retail presence in a thriving Suffolk County market. The property is classified as a multi-tenant retail shopping center. Interested parties are encouraged to inquire about lease terms and availability. The property's geographic coordinates are 40.8053827 latitude and -72.8595789 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $341,132,800

  6.5%

  $314,891,808

  7%

  $292,399,552

• Comparable approach

  Method

  Valuation

  Relative Method

  $413,356,704

  Geo Method

  $413,356,704

• Alternative Use

  Use

  Valuation

  Residential

  $265,623,040

  Hospitality

  $243,309,264

  Educational

  $202,430,464

  Medical

  $209,392,352

  Retail

  $314,891,808

Location Insight

City

Shirley

County

Suffolk

State

New York

Latitude

40.8045

Longitude

-72.861

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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