Suffolk County Industrial Sells with Different Use Opportunities
ERG Commercial Real Estate closed the sale of a Bohemia, NY industrial flex building for the asking price of $1.5 million.
The 5,688-square-foot building at 1589 Lakeland Ave. in this Suffolk County community sold for $263 per square foot. The site sits on a 1.1-acre lot with an outside parking lot with 30 spaces. It is zoned for office or industrial business use.
Ryan Lewis of ERG represented both the seller, Parco Gas, one of Suffolk County’s largest natural gas distributors and the buyer, All County Block, a local investor and business in the area.
The building was delivered vacant. “Given its prime retail office location with its industrial building setup, large storage lot and ingress/egress on two streets, the property offers many different use opportunities that is rare to see in one location,” said Lewis.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).