Cushman & Wakefield today announced that the firm has been retained on an exclusive basis to market 101-147 West Main Street, a 2.5 acre development site in Patchogue, Long Island. The firm is currently taking offers for the property.
A Long Island-based Cushman & Wakefield team of Executive Director Frank Frizalone, SIOR, Director Nicholas Gallipoli, and Associate Thomas Deluca will lead the property’s marketing efforts to identify a buyer for the property.
The existing building on the property – which offers potential views of Patchogue Lake – is 30,000 square feet and sits on a 300’ x 373’ lot. Currently, the site is zoned Downtown Redevelopment (DRD) within The Village of Patchogue, which may permit a 6-story hotel/mixed-use property.
“With a vibrant tourism business in NYC stretching to the eastern end of Long Island, coupled with the property’s convenient access to public transportation and area attractions, the Long Island market is thriving,” said Frank Frizalone. “This is the perfect opportunity for a developer to make a landmark property.”
101-147 West Main Street is located across the street from the future Anheuser-Busch Brewery, and other nearby popular destinations including the Patchogue Theatre, Fire Island and the Hamptons. The property is also easily accessible by the LIRR Patchogue Train Station. In addition, Downtown Patchogue is stocked with dining options, entertainment and parks. The area continues to emerge as one of the quickest growing neighborhoods largely due to the local government’s abilities to fast track approvals within 12 months.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow@CushWake on Twitter.
