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State Street Plaza 1200 E Jericho Tpke 10,476 SF 100% Leased Retail Building Huntington, NY 11743 $5,650,000 ($539.33/SF) 6.24% Cap Rate
Investment Highlights
- Fully-Occupied 10 Unit Retail Neighborhood Center
- Ample Parking to Accommodate Customers
- Close Proximity From The Northern State Parkway
- Handful of Long Term Tenants & 5+ Year Leases
- High Traffic Counts: Over 33,800 VPD
- Near Other Bustling Neighborhood Amenities
Executive Summary
At this location you'll find a 10-unit retail strip center. Also known as State Street Plaza, this property is a neighborhood staple, providing many services for local residents. This property is currently fully-occupied. State Street Plaza consists of about 50 parking spaces with one curb cut serving as an entrance/exit.
This property is in a prime location. In addition to being on the busy Jericho Turnpike where over 33,800 cars drive by each day, it's only 5 minutes off the Northern State Parkway. Neighborhood amenities surround this property. Nearby you'll find car dealerships, restaurants, gas stations, and a Stop & Shop.
This property is in a prime location. In addition to being on the busy Jericho Turnpike where over 33,800 cars drive by each day, it's only 5 minutes off the Northern State Parkway. Neighborhood amenities surround this property. Nearby you'll find car dealerships, restaurants, gas stations, and a Stop & Shop.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
10,476 SF
Building Class
B
Year Built
1960
Price
$5,650,000
Price Per SF
$539.33
Cap Rate
6.24%
NOI
$352,299
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.00 AC
Zoning
C6
Parking
50 Spaces (4.77 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0400-208-00-02-00-019-002 | Improvements Assessment | $7,250 |
| Land Assessment | $4,750 | Total Assessment | $12,000 |
Property Taxes
Parcel Number
0400-208-00-02-00-019-002
Land Assessment
$4,750
Improvements Assessment
$7,250
Total Assessment
$12,000
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State Street Plaza | 1200 E Jericho Tpke
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