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Islip Greens 117 Main St 7,150 SF 86% Leased Retail Building East Islip, NY 11730 $2,300,000 ($321.68/SF) 8.01% Cap Rate
Investment Highlights
- Located just West of Heckscher State Pkwy on the North side of West Main Street ( Montauk Highway)
- Area retailers include 7-Eleven, Dunkin, H2O Resturant, Boston Market, CVS, and more
- Front and side parking to accommodate 40+ cars
Executive Summary
Silber Investment Properties is pleased to exclusively represent 117 West Main Street, East Islip, NY. Strong Neighborhood Strip Center with ample parking with approx. 40+ parking spaces. 7 retail spaces with a building size of 7,150 sq ft. Most of the tenants have operated at the center long term for over 20+ years. Please call me to discuss at 516 732 7079.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,150 SF
Building Class
C
Year Built
1985
Price
$2,300,000
Price Per SF
$321.68
Cap Rate
8.01%
NOI
$184,311
Percent Leased
86%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.54 AC
Zoning
BU1
Parking
46 Spaces (6.43 Spaces per 1,000 SF Leased)
Frontage
60’ on Main St
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 1,000 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,000 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 1,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Walk Score®
Very Walkable (76)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0500-372-00-01-00-017-001 | Improvements Assessment | $44,900 |
| Land Assessment | $62,400 | Total Assessment | $107,300 |
Property Taxes
Parcel Number
0500-372-00-01-00-017-001
Land Assessment
$62,400
Improvements Assessment
$44,900
Total Assessment
$107,300
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Islip Greens | 117 Main St
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