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111 N Country Rd 5,000 SF 100% Leased Office Building Port Jefferson, NY 11777 $799,000 ($159.80/SF) 7.88% Cap Rate
Investment Highlights
- Recently renovated tenant spaces
- Strategic location in the heart of Port Jefferson business community
- Strong leasing history with 85% occupancy rate
Executive Summary
Introducing a prime investment opportunity at 111 N Country Road, a well-maintained 5,000 SF professional office building in Port
Jefferson, NY. Boasting two modern units with PO (professional office) zoning, this property offers a compelling blend of contemporary
updates, with major suite renovations completed in 2019. Ideally situated in Long Island's prestigious north shore market, this property
currently enjoys a good occupancy rate, with plenty of up-side, presenting a solid opportunity for investors seeking a reliable income
stream. With its strategic location and strong leasing history, 111 N Country Road is poised to deliver long-term value and a stable return
on investment.
Jefferson, NY. Boasting two modern units with PO (professional office) zoning, this property offers a compelling blend of contemporary
updates, with major suite renovations completed in 2019. Ideally situated in Long Island's prestigious north shore market, this property
currently enjoys a good occupancy rate, with plenty of up-side, presenting a solid opportunity for investors seeking a reliable income
stream. With its strategic location and strong leasing history, 111 N Country Road is poised to deliver long-term value and a stable return
on investment.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,000 SF
Building Class
C
Year Built/Renovated
1985/2022
Price
$799,000
Price Per SF
$159.80
Cap Rate
7.88%
NOI
$62,930
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,500 SF
Slab To Slab
10’
Building FAR
0.23
Lot Size
0.49 AC
Zoning
commercial - R-O- Res. Professional Office
Parking
13 Spaces (2.6 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Central Heating
- Natural Light
- Air Conditioning
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Property Taxes
| Parcel Number | 0207-018-00-02-00-001-000 | Improvements Assessment | $3,000 |
| Land Assessment | $400 | Total Assessment | $3,400 |
Property Taxes
Parcel Number
0207-018-00-02-00-001-000
Land Assessment
$400
Improvements Assessment
$3,000
Total Assessment
$3,400
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111 N Country Rd
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