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Single-Family

Granny Road Development Site

2 Richard Dr, Medford, NY 11763

Listing Price: $850,000

Lot Size
9.18 acres
Price/Acre
$92,593
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to present an opinion of value to ownership for a development site in Yaphank, NY. The subject property is a 9.18 acre parcel zoned A Residence 1. A Residence 1 zoning allows for the development of single family homes. The subject property is ideally located near the Long Island Expressway, a major thoroughfare that extends across Long Island from Suffolk County to Queens. Additionally, the property is located near several area demand drivers including Mill Pond Golf Course and Hunter Business School's Medford campus. The subject property is located near several national retailers like Home Depot, Stop & Shop, Lowe's, Sam's Club, Target, TJ Maxx, Michaels and so much more. The area demographics paint a picture of opportunity – over 51,000 people live within a three miles radius and an average household income well over $109,000. Additional information is available upon request.

Investment Highlights

  • 9+ Acres of Land
  • As of right zoned for Single Family Development
  • Current Annual Taxes Approximately $3,200

Exclusively Listed By

  • Michael Tuccillo

    Licensed Associate Real Estate Broker

    (212) 430-5196

    Email Michael

    License(s): NY: 10301217094, NY: 10491208938

    Manhattan

Single-Family

Granny Road Development Site

Listing Price: $850,000

Lot Size
9.18 acres
Price/Acre
$92,593
Land Type
Land

Investment Highlights

  • 9+ Acres of Land
  • As of right zoned for Single Family Development
  • Current Annual Taxes Approximately $3,200

Investment Overview

Marcus & Millichap is pleased to present an opinion of value to ownership for a development site in Yaphank, NY. The subject property is a 9.18 acre parcel zoned A Residence 1. A Residence 1 zoning allows for the development of single family homes. The subject property is ideally located near the Long Island Expressway, a major thoroughfare that extends across Long Island from Suffolk County to Queens. Additionally, the property is located near several area demand drivers including Mill Pond Golf Course and Hunter Business School's Medford campus. The subject property is located near several national retailers like Home Depot, Stop & Shop, Lowe's, Sam's Club, Target, TJ Maxx, Michaels and so much more. The area demographics paint a picture of opportunity – over 51,000 people live within a three miles radius and an average household income well over $109,000. Additional information is available upon request.

Exclusively Listed By

  • Michael Tuccillo

    Licensed Associate Real Estate Broker

    (212) 430-5196

    Email Michael

    License(s): NY: 10301217094, NY: 10491208938

    Manhattan

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