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Vitamin Dr - 47.8 AC of Industrial Land in Bayport 47.8 Acres of Commercial Land in Bayport, NY 11705
EXECUTIVE SUMMARY
unimproved 47.8 Acre plot of land to support development of 500,000+
SF. Vitamin Drive is being offered on a fee-simple basis; as is.
The subject property has the ability to connect to sewers.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Lot Size | 47.80 AC |
| Lot Size | 47.80 AC |
The site is an unimproved 47.8 Acre plot of land to support development of 500,000+ SF. Vitamin Drive is being offered on a fee-simple basis; as is. The subject property has the ability to connect to sewers.
DESCRIPTION
The property offers an excellent opportunity to enter the dynamic Suffolk County industrial market. The region has seen substantial industrial growth over the last five years, actively responding to demand. Even with this expansion, the market remains robust, with more than 600K SF of leasing activity every quarter for the last 13 quarters. This consistent demand is reflected in strong rent growth, as average asking rents have increased an impressive 46.3% since 2019. The property is ideally situated within Long Island’s dense population and thriving business ecosystem. Suffolk County, in particular, boasts one of the largest and most diverse workforces in the greater Long Island and New York metropolitan area, providing a crucial labor pool for industrial operations Vitamin Drive has entered into an agreement and as of right with the Town of Islip, Suffolk County and Health Department to connect the property to the Suffolk County Sewer District. For context, most of Suffolk County is not connected to sewers, which gives the subject property a competitive edge for the Food/Bev Industry, Pharmaceuticals and other related businesses with sewer requirements.
PROPERTY TAXES
| Parcel Number | 0500-261-00-01-00-028-012 | Improvements Assessment | $0 CAD |
| Land Assessment | $684,990 CAD | Total Assessment | $684,990 CAD |
PROPERTY TAXES
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Vitamin Dr - 47.8 AC of Industrial Land in Bayport
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