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1 East Main St and 7 Carleton Ave 2 Properties Offered at $1,750,000 in East Islip, NY

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EXECUTIVE SUMMARY

Two adjacent properties and operating repair shop business are offered for sale or lease at 1 E Main Street and 7–9 Carleton Avenue in East Islip, located on a prime, high-visibility corner at the lighted intersection of East Main Street and Carleton Avenue with strong traffic exposure and access. The offering includes a former gas station on Lot 1 and a three-bay, double-deep operating automotive repair shop on Lot 2 that is currently open six days per week from 7:00 AM to 6:00 PM. The sale includes all shop equipment, including a New York State Inspection machine and active inspection license (full equipment list available upon request). The subject operating repair shop reportedly generates approximately $100,000 in gross monthly repair revenue. When the gas station was operational, it was reportedly pumping approximately 120,000 gallons per month, with the convenience store generating approximately $60,000 per month and lottery sales of approximately $30,000 per month. The gas station has been officially closed for approximately six months and out of fuel service for approximately two years, with three double-wall fiberglass underground storage tanks installed in 1998, including an 8,000-gallon regular tank, a 6,000-gallon super tank, and a 3,000-gallon diesel tank; tanks and piping are reported in good condition, though new pump islands, MPDs, and related equipment are required to return the station to operational status. The property is also available for lease at $16,000 per month inclusive of real estate taxes, with a $150,000 key money requirement. This offering presents a compelling owner-user or investor opportunity with strong historical sales performance, existing automotive infrastructure, prime corner visibility, and significant value-add upside.

PROPERTY FACTS

Price $1,750,000
Price / SF $108.59 / SF
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 16,116 SF
Total Land Area 0.37 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
7 Carleton Ave, East Islip, NY 11730 Industrial 7,840 SF 1947 -
1 E Main St, East Islip, NY 11730 Retail 8,276 SF 1950 -
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  • Listing ID: 30294247

  • Date on Market: 12/6/2023

  • Last Updated:

  • Address: 1 East Main St and 7 Carleton Ave, East Islip, NY

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