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4571 Sunrise Hwy 1,850 SF 100% Leased Office Building Bohemia, NY 11716 $499,900 ($270.22/SF) 6.90% Cap Rate
Executive Summary
PRIME SUNRISE HIGHWAY CORNER: REDEVELOPMENT OPPORTUNITY
1500 SF high-visibility commercial redevelopment opportunity on Sunrise Highway, positioned on a prime corner with outstanding two-way exposure. The site benefits from approximately 140,000 vehicles per day in each direction on Sunrise Highway. The building's new exterior has already been completed, creating a striking presence that is clearly visible from all directions and offers excellent on-site branding potential for retail, office, medical, or service users. The interior and parking lot remain ready for final
build-out, allowing an investor or end user to complete the project to their own specifications and bring the property online quickly without undertaking a full redevelopment.
The property is supported by a strong surrounding demographic base, with average household incomes of approximately $132,857 within 1 mile, $147,626 within 3 miles, and $142,589 within 5 miles, providing substantial purchasing power and a deep customer base.
Construction was paused due to the prior owner's health circumstances, creating a rare opportunity to acquire a nearly completed, high-profile asset at an attractive basis with meaningful upside for an owner-operator or investor.
1500 SF high-visibility commercial redevelopment opportunity on Sunrise Highway, positioned on a prime corner with outstanding two-way exposure. The site benefits from approximately 140,000 vehicles per day in each direction on Sunrise Highway. The building's new exterior has already been completed, creating a striking presence that is clearly visible from all directions and offers excellent on-site branding potential for retail, office, medical, or service users. The interior and parking lot remain ready for final
build-out, allowing an investor or end user to complete the project to their own specifications and bring the property online quickly without undertaking a full redevelopment.
The property is supported by a strong surrounding demographic base, with average household incomes of approximately $132,857 within 1 mile, $147,626 within 3 miles, and $142,589 within 5 miles, providing substantial purchasing power and a deep customer base.
Construction was paused due to the prior owner's health circumstances, creating a rare opportunity to acquire a nearly completed, high-profile asset at an attractive basis with meaningful upside for an owner-operator or investor.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
1,850 SF
Building Class
B
Year Built
2027
Construction Status
Under Construction
Price
$499,900
Price Per SF
$270.22
Cap Rate
6.90%
NOI
$34,493
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
1,850 SF
Building FAR
0.12
Lot Size
0.35 AC
Zoning
Bus 1 - provides commercial areas for local trade, services, and personal needs serving adjacent residential neighborhoods
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0500-278-00-02-00-024-000 | Improvements Assessment | $3,600 |
| Land Assessment | $30,000 | Total Assessment | $33,600 |
Property Taxes
Parcel Number
0500-278-00-02-00-024-000
Land Assessment
$30,000
Improvements Assessment
$3,600
Total Assessment
$33,600
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4571 Sunrise Hwy
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