Industrial Building / Auto Repair Shop 1400 Middle Country Rd 3,444 SF Industrial Building Centereach, NY 11720 $950,000 ($275.84/SF) 4.93% Cap Rate

INVESTMENT HIGHLIGHTS

  • 158' Frontage - Heavy vehicular traffic at all times along Middle Country Road
  • Select Fixtures/Equipment included upon request
  • Large lot over half acre

EXECUTIVE SUMMARY

Prime Middle Country Road Location with 158' Frontage. Existing Auto/Transmission Repair Shop. Available for Sale or Lease. Delivered Vacant. Some Fixtures/Equipment Can Be Included Upon Request. Plot Size 24,394 SF / .56 Acres. Contact Kevin Hill or Nicholas Campasano for More Info.

FINANCIAL SUMMARY (PRO FORMA - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $75,768 $22.00
Other Income - -
Vacancy Loss $3,485 $1.01
Effective Gross Income $72,283 $20.99
Taxes $20,666 $6.00
Operating Expenses $4,813 $1.40
Total Expenses $25,479 $7.40
Net Operating Income $46,804 $13.59

PROPERTY FACTS Under Contract

Price $950,000
Price Per SF $275.84
Sale Type Investment or Owner User
Cap Rate 4.93%
Sale Conditions
Sale Leaseback
  • Lease Option
Property Type
Industrial
  • General Retail Garden Center
  • Industrial Manufacturing
Building Class C
Lot Size 0.56 AC
Rentable Building Area 3,444 SF
No. Stories 1
Year Built 1960
Tenancy Single
Parking Ratio 14.52/1,000 SF
Cross Streets Joan Ave
Zoning L Ind 1 - Industrial, Light Manufacturing, Office, and Select Retail Uses Permitted

UTILITIES

  • Lighting
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating
Walk Score®
Very Walkable (70)

PROPERTY TAXES

  • Listing ID: 33926924

  • Date on Market: 11/19/2024

  • Last Updated:

  • Address: 1400 Middle Country Rd, Centereach, NY 11720