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1702 Middle Country Rd 8,216 SF Vacant Retail Building Centereach, NY 11720 $3,500,000 ($426.00/SF) 5.82% Cap Rate
INVESTMENT HIGHLIGHTS
- Located on a signalized intersection, offering unrivaled exposure to over 39,000 daily vehicles on Middle Country rd Centereach
- In a densely populated area with an annual household income of $114,955, ideal for businesses seeking to capitalize on high disposable incomes.
EXECUTIVE SUMMARY
Tower Real Estate Commercial is pleased to offer for sale 1702 Middle Country Road, Centereach NY. This 8,216 SF building with additional full LL of approximately 5,500 SF -/+ is located in the heart of Centereach with great visibility on high traffic route 25, 1/4 west of major highway 97.
Value-added Great opportunity for an investor or an Owner user. Full renovated Restaurant of 3,000 SF
Several national retail brands operate in very close proximity to the property.
For more information, please TEXT Zane Radwan at Cell: 516-924-4055 or Email: zane@towereny.com
The following are permitted uses. for J2 Zone
A. Art galleries.
B. Assembly and social recreation hall.
C. Automobile parking field.
D. Bank with or without accessory drive-through facility.
E. Bar, tavern or pub.
F. Billiard hall.
G. Bowling alley.
H. Catering hall.
I. College or university, excluding dormitories and other college, university, or school residential facilities.
J. Commercial center.
K. Day-care facility.
L. Delicatessen.
M. Dog/pet day care.
N. Dry cleaners.
O. Exhibit halls.
P. Health club.
Q. Indoor recreation.
R. Laundromats.
S. Live performance and community theater.
T. Lodge.
U. Movie theater, community.
V. Museum.
W. Non-degree-granting instruction/program, except those associated with manufacturing or driver training.
X. Nursery/garden center.
Y. Office.
Z. Personal service shops.
AA. Pharmacy with or without accessory drive-through facility.
BB. Places of worship, parish house, or rectory.
CC. Public, private school or parochial school with or without dormitory facilities.
DD. Restaurant.
EE. Retail sales establishment.
FF. Shops and stores for the sale at retail of consumer merchandise and services.
GG. Shops for custom work and for making articles to be sold at retail on the premises.
HH. Take-out restaurant.
II. Undertaking establishments.
JJ. Veterinary hospital, provided that all activities take place within the building.
Value-added Great opportunity for an investor or an Owner user. Full renovated Restaurant of 3,000 SF
Several national retail brands operate in very close proximity to the property.
For more information, please TEXT Zane Radwan at Cell: 516-924-4055 or Email: zane@towereny.com
The following are permitted uses. for J2 Zone
A. Art galleries.
B. Assembly and social recreation hall.
C. Automobile parking field.
D. Bank with or without accessory drive-through facility.
E. Bar, tavern or pub.
F. Billiard hall.
G. Bowling alley.
H. Catering hall.
I. College or university, excluding dormitories and other college, university, or school residential facilities.
J. Commercial center.
K. Day-care facility.
L. Delicatessen.
M. Dog/pet day care.
N. Dry cleaners.
O. Exhibit halls.
P. Health club.
Q. Indoor recreation.
R. Laundromats.
S. Live performance and community theater.
T. Lodge.
U. Movie theater, community.
V. Museum.
W. Non-degree-granting instruction/program, except those associated with manufacturing or driver training.
X. Nursery/garden center.
Y. Office.
Z. Personal service shops.
AA. Pharmacy with or without accessory drive-through facility.
BB. Places of worship, parish house, or rectory.
CC. Public, private school or parochial school with or without dormitory facilities.
DD. Restaurant.
EE. Retail sales establishment.
FF. Shops and stores for the sale at retail of consumer merchandise and services.
GG. Shops for custom work and for making articles to be sold at retail on the premises.
HH. Take-out restaurant.
II. Undertaking establishments.
JJ. Veterinary hospital, provided that all activities take place within the building.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,216 SF
Building Class
C
Year Built/Renovated
1960/2011
Price
$3,500,000
Price Per SF
$426.00
Cap Rate
5.82%
NOI
$203,623
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
1.81 AC
Zoning
Commercial - The Town of Brookhaven's J2 zoning designates a J Business District, which permits a limited range of business and commercial uses like art galleries.
Parking
104 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
110’ on Middle Country Rd
AMENITIES
- 24 Hour Access
- Bus Line
- Energy Performance Rating - A
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Prior restaurant space
| Space | Size | Space Use | Position | Available |
| 1 | 8,216 SF | Restaurant | End Cap | Now |
1
| Size |
| 8,216 SF |
| Space Use |
| Restaurant |
| Position |
| End Cap |
| Available |
| Now |
1
| Size | 8,216 SF |
| Space Use | Restaurant |
| Position | End Cap |
| Available | Now |
Prior restaurant space
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0200-488-00-03-00-004-000 | Improvements Assessment | $6,350 |
| Land Assessment | $2,950 | Total Assessment | $9,300 |
PROPERTY TAXES
Parcel Number
0200-488-00-03-00-004-000
Land Assessment
$2,950
Improvements Assessment
$6,350
Total Assessment
$9,300
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1702 Middle Country Rd
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