516 Walt Whitman Rd - Storefront FOR SALE


Melville, NY 11747
$3,600,000 USD
516-933-8880
516 Walt Whitman Rd, Melville, NY for Sale
$3,600,000 USD
Storefront - FOR SALE
1/9
null | Request Cap Rate

516 Walt Whitman Rd
Melville, NY 11747


HIGHLIGHTS

  • Positioned along one of Long Island’s most desirable retail corridors (42,567 VPD)
  • 8,700 SF of vacant showroom space with high ceilings
  • Divisible space suited to a wide range of retail, showroom and service uses
  • Approximately half a mile from Walt Whitman Shops and Whole Foods– anchored center
  • Median household income of $155,240 within a 5-mile radius

OVERVIEW

RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of 516 Walt Whitman Road in Melville, NY. 516 Walt Whitman Road presents an opportunity to acquire a highly visible retail building along the Route 110 corridor, one of Long Island’s most desirable and heavily trafficked retail destinations. The property consists of a 10,200 square foot retail building situated on a 0.67-acre lot (±29,185 SF), originally constructed in 1969 and renovated in 2015. The building is currently occupied by Dunkin’ Donuts, with 8,700 square feet of vacant retail showroom space with high ceilings, ideally suited for a wide range of retail, showroom and service uses. Formerly occupied by Bambi Baby, the vacant space presents an exceptional opportunity for an owner-user seeking a flagship location on Route 110 with income in place to offset carrying costs. The property benefits from approximately 130 feet of frontage on Route 110, offering high visibility and pylon signage exposure to over 42,567 vehicles per day along one of the highest-traffic commercial corridors on Long Island. The building is located approximately half a mile from Walt Whitman Shops and the newly redeveloped Whole Foods-anchored Huntington Shopping Center, surrounding the property with best-in-class national retailers and a proven draw of regional traffic. The trade area is among the strongest on Long Island, with a median household income of $155,240 in a 5-mile radius and a substantial daytime population from nearby office buildings.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$353 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

516 Route 110 Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

undefined, Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

C8

APN/PARCEL ID

0400-238-00-01-00-039-000

ASK ABOUT THIS PROPERTY

Jonathan WinzelbergRIPCO Real EstateMore Info
516-933-8880

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Jonathan WinzelbergRIPCO Real EstateMore Info
516-933-8880

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.