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271 Merritt Ave 3.7 Acres of Industrial Land Offered at $8,500,000 in Wyandanch, NY 11798
INVESTMENT HIGHLIGHTS
- Potential Uses other than Industrial: Multifamily, Self-Storage, Retail…. Etc.
- Property Has Existing Rail Capability.
EXECUTIVE SUMMARY
Potential Uses Other Than Industrial: Multifamily, Self-Storage, Retail...... ETC.
Open to Joint Venture redevelopment
PROPERTY FACTS
| Price | $8,500,000 | Property Subtype | Industrial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 3.70 AC |
| Property Type | Land | ||
| Zoning | Industrial G - Industrial G Town of Babylon | ||
| Price | $8,500,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | |
| Total Lot Size | 3.70 AC |
| Zoning | Industrial G - Industrial G Town of Babylon |
1 LOT AVAILABLE
Lot
| Price | $8,500,000 | Lot Size | 3.70 AC |
| Price Per AC | $2,297,297.30 |
| Price | $8,500,000 |
| Price Per AC | $2,297,297.30 |
| Lot Size | 3.70 AC |
There Are Two Buildings On The Property: ±13,500sf has electric but no heat or bathrooms. Offices need total renovation. Roof in good condition. ±5,000sf has no electric, heat or bathrooms. Roof in good condition.
DESCRIPTION
3.7 Acre Industrial Parcel (Ind G Town Of Babylon). Located 3.5 miles from Exit 52 of the LIE. There are currently two buildings (13,500sf & 5,000sf) which are water-tight but in need of substantial renovations. There is an active rail spur which connects to the site. Potential to connect with sewers to the south west sewer district. Property lends itself to alternative uses beyond industrial.
PROPERTY TAXES
| Parcel Number | 0100-039-00-04-00-035-000 | Improvements Assessment | $8,870 |
| Land Assessment | $8,630 | Total Assessment | $17,500 |
PROPERTY TAXES
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271 Merritt Ave
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