560 Broadhollow RdMelville, NY 11747

For Sale
$6,995,000

52,500 SF Office, 3.81 Acres, High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
92
This fee-simple, three-story Class B office building, totaling 52,500 square feet, sits on a 3.81-acre lot in Melville, NY's thriving business district. Built in 1971, the property boasts 210 surface parking spaces and is currently 25% occupied, presenting significant lease-up potential. The building benefits from L-1 Light Industrial zoning, offering flexibility for various uses. A key advantage is an approved 4,000 square foot pad site with drive-thru capabilities, ideal for additional development or leasing opportunities. Strategically located just two miles from both the Long Island Expressway and the Northern State Parkway, this property enjoys high visibility and easy access along major Suffolk County thoroughfares. The property's prime location and zoning flexibility make it an attractive investment opportunity in a growing Long Island market. The gross lease structure simplifies management, and the multi-tenant occupancy provides diversification. This asset offers a compelling combination of immediate income potential and future upside through lease-up and potential pad site development. The address is 560 Broadhollow Road, Melville, NY 11747.

Highlights

  • Excellent LIE & Northern Parkway proximity (2 miles).
  • Approved 4,000 SF pad site with drive-thru capability.
  • Extensive parking: 210 spaces on a 3.81-acre lot.
  • L-1 Light Industrial zoning.

Property Details for 560 Broadhollow Rd

Property type
Other office properties, Office properties
Square Feet
52,500 SF
Class
B
Year Built
1971
Buildings
1
Stories
3
Lot Size (sq. ft)
165,964 SF

Location Insight

City
Melville
County
Suffolk
State
New York
Latitude
40.768165147773
Longitude
-73.42376891616
560 Broadhollow Rd, Melville, New York

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560 Broadhollow Rd
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