Investment Overview

Marcus & Millichap is pleased to present 285 Holbrook Avenue, a redevelopment in Lake Ronkonkoma, New York. Currently there is a single-family home on this oversized parcel. It’s Residence B zoning and Centereach School District. The property is located at the intersection of Holbrook Road and Portion Road. Portion Road sees over 21,000 vehicles per day and is one of Ronkonkoma's busiest thoroughfares that is lined with national tenants such as CVS Pharmacy, Shoprite, Stop & Shop, 7 Eleven, Chipotle and much more. Another augmentation for Ronkonkoma is that the town is in the process of a $750 million redevelopment project with TriTec to build 1,450 residential units, almost 200,000 square feet of retail space, 360,000 square feet of office space, and a hotel. The subject property also benefits from proximity to highly trafficked thoroughfares and highways bringing hundreds of thousands of vehicles through the area daily including the Long Island Expressway and Patchogue-Holbrook Road. Local businesses thrive in the area due to strong demographics; with almost 87,000+ people living in a 3-mile radius making a median. Household income over $100,000.