www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31874281
31874239

271-279 South Wellwood Avenue, Lindenhurst, NY 11757

RB
NY 10991228697
Parallel Realty Group, LLC
Listed by Parallel Realty Group, LLC
$4,250,000
41 days on market
Updated 41 days ago

Wellwood Ave Assemblage

Details
Property Type Mixed Use, Land (+1)
Sub Type Bank, QSR/Fast Food (+1)
Net Rentable (SqFt) 9,100
Units 5
Broker Co-Op True
Year Built 1954
Buildings 1
Lot Size (SqFt) 20,000
Zoning Business (B) District
Parking Spaces 26 spaces
Investment Type Redevelopment
Ground Lease No

Prime half acre with existing 10k sf structure

Marketing description

Overview:

This property represents one of the most compelling infill redevelopment opportunities on the South Shore. With a combined 20,000 SF footprint—split between a 10,000 SF existing retail structure and a 10,000 SF dedicated parking lot—the site offers the scale, zoning flexibility, and municipal support required for a transformative project in the heart of the Village of Lindenhurst.

Located within the Business (B) District, the property provides a strong foundation for developers seeking to capitalize on Lindenhurst’s ongoing downtown revitalization. The B-Zone allows a broad range of commercial uses and, subject to Village review, presents a pathway for mixed-use development, increased density, and modernized building programs that align with the Village’s long-term planning objectives.

Key Development Advantages

  • Large footprint suitable for ground-up construction or phased redevelopment
  • Existing 10,000 SF structure offers adaptive reuse potential or a cost-effective shell for repositioning
  • 10,000 SF parking lot provides flexibility for:
    • Required parking ratios
    • Future building expansion
    • Structured parking
    • Outdoor dining, plazas, or amenity space

  • Walkable downtown location with strong demand drivers: restaurants, breweries, boutique retail, and new residential growth
  • Supportive municipal environment—Village leadership is actively encouraging thoughtful redevelopment that enhances the downtown core

Potential Development Paths

  • Mixed-Use Building (Retail + Residential/Office)
  • The site’s size and parking capacity make it a strong candidate for a multi-story mixed-use project, subject to Village review.

Developers can explore:

  • Ground-floor retail or restaurant space
  • Upper-floor residential units
  • Boutique office or medical suites
  • Activated streetscape improvements
  • Retail or Commercial Repositioning
  • Retain and modernize the existing 10,000 SF structure to attract:
  • National or regional retailers
  • Fitness, wellness, or medical operators
  • Food-and-beverage concepts
  • Specialty grocers or experiential tenants
  • Comprehensive Redevelopment
  • Full demolition and new construction to maximize FAR, improve site circulation, and deliver a best-in-class downtown asset aligned with current market demand.

Strategic Timing:

  1. There is an additional 7,700 building/lot located at 271 S. 1st St behind the main structure that ownership would consider selling thus squaring off the site.
  2. Lindenhurst is in the midst of a multi-year revitalization cycle, with new residential density, upgraded infrastructure, and a thriving restaurant and brewery scene. This property sits at the center of that momentum, offering developers a rare opportunity to shape the next phase of the Village’s evolution.

Investment highlights

  • Located in the heart of Lindenhurst’s busy downtown with significant daytime foot traffic.

  • Situated within a vibrant retail corridor with easy access to local amenities and transportation.

  • Offers strong visibility and prominent frontage along South Wellwood Avenue.

  • Within walking distance to Lindenhurst Station on Long Island Rail Road, enhancing commuter access.

Listing Contacts

RB
NY 10991228697
Parallel Realty Group, LLC
Listed by Parallel Realty Group, LLC

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Robert Bakhchi
License
10991228697
Brokerage
Parallel Realty
Brokerage Phone
(516) 869-9200
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591