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516 Route 110 Center 516 Walt Whitman Rd 10,200 SF 15% Leased Retail Building Melville, NY 11747 $3,600,000 ($352.94/SF)
Investment Highlights
- Positioned along one of Long Island’s most desirable retail corridors (42,567 VPD)
- Divisible space suited to a wide range of retail, showroom and service uses
- Median household income of $155,240 within a 5-mile radius
- 8,700 SF of vacant showroom space with high ceilings
- Approximately half a mile from Walt Whitman Shops and Whole Foods– anchored center
Executive Summary
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.
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.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$79,700
|
$7.81
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$79,700
|
$7.81
|
| Taxes |
$60,979
|
$5.98
|
| Operating Expenses |
$15,590
|
$1.53
|
| Total Expenses |
$76,569
|
$7.51
|
| Net Operating Income |
$3,131
|
$0.31
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $79,700 |
| Annual Per SF | $7.81 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $79,700 |
| Annual Per SF | $7.81 |
| Taxes | |
|---|---|
| Annual | $60,979 |
| Annual Per SF | $5.98 |
| Operating Expenses | |
|---|---|
| Annual | $15,590 |
| Annual Per SF | $1.53 |
| Total Expenses | |
|---|---|
| Annual | $76,569 |
| Annual Per SF | $7.51 |
| Net Operating Income | |
|---|---|
| Annual | $3,131 |
| Annual Per SF | $0.31 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
10,200 SF
Building Class
B
Year Built/Renovated
1969/2015
Price
$3,600,000
Price Per SF
$352.94
Percent Leased
15%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
0.67 AC
Zoning
C8
Frontage
211’ on Walt Whitman Rd
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Dec 2027
Dunkin' began in Quincy, Massachusetts, where Bill Rosenberg opened a doughnut and coffee shop that later became Dunkin' Donuts. The company now operates as an American coffee and doughnut chain under Inspire Brands and uses a beverage-focused format alongside its core restaurant business. Its menu includes coffee, espresso drinks, donuts, breakfast sandwiches, bagels, muffins, and other baked goods, and delivery is available through major third-party platforms. Dunkin' maintains a broad presence across the United States and in international markets, serving guests through a large franchise network.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Dec 2027 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 1,500-8,700 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,500-8,700 SF | Retail | - | Now |
1st Floor
| Size |
| 1,500-8,700 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0400-238-00-01-00-039-000 | Total Assessment | $13,500 (2025) |
| Land Assessment | $7,800 (2025) | Annual Taxes | $60,979 ($5.98/SF) |
| Improvements Assessment | $5,700 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
0400-238-00-01-00-039-000
Land Assessment
$7,800 (2025)
Improvements Assessment
$5,700 (2025)
Total Assessment
$13,500 (2025)
Annual Taxes
$60,979 ($5.98/SF)
Tax Year
2026
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