493 E Jericho Tpke, Huntington Station, NY, 11746 - Available for Sale

Retail For Sale

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493 Jericho Tpke

493 E Jericho Tpke, Huntington Station, NY 11746

$1,200,000

1,200 SF | Retail

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Retail Property For Sale Get Financing

Price:
$1,200,000
Building Size:
1,200 SF
Price/SF:
$1,000
Property Type:
Retail
Property Sub-type:
Vehicle Related
Property Use Type:
Net Lease Investment with
5 years left on lease
Commission Split:
2%
Cap Rate:
7%
Tenancy:
Single
Lot Size:
0.40 AC
Listing ID
18321969
Last Updated
11 days ago

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Description

Rare Find! Perfect Location On Busy Jericho Tpke! Currently Used Car Dealership. Property Is Zoned For Parking, Outside Storage (Of Almost Anything), Display (Of Almost Anything) And More! These Permits Are Extremely Difficult To Get From The Town If One Was To Apply Now! Can Fit Up To 100 Vehicles. Everything Updated 5 Years Ago! 1200 Sqft Office Bldg.
Lot is 140 x 125.
The Income Is Current As Tenant Pays 5500/Mo Nnn. Owner Has Zero Expenses. The Income Of $5500 Reflects A Voluntary Rent Concession That The Owner Gives The Tenant. Actual Lease Terms Is $7,000 / month.

On Busy Jericho Tpke One Mile East of Rt 110. 1/8 of a mile east of the brand new Target that is being built.

Financial Summary

  • Actual
  • $84,000

Map of 493 E Jericho Tpke, Huntington Station, NY 11746 (Suffolk County)

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Ziggy Marszalek
Ziggy Marszalek

Commercial Real Estate | Business Broker

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License #New York State Real Estate Salesperson

Asking Price Index Trends for Huntington Station, NY Retail For Sale

  Mar 14 vs. 3 mo.
prior
Y-O-Y
-
State
$154+1.0%+1.6%
-
Metro
$215-0.7%+2.8%
-
County
$276-2.7%-1.3%
-
City
$3130.0%0.0%

View Huntington Station Market Trends for other property types for sale or lease. Learn more about the chart info.

Created 8/21/2013
493 Jericho Tpke
  • Retail
  • $1,200,000
  • 1,200 SF