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188 Medford Ave
Patchogue, NY 11772
Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Building Size
7,800 SF
Building Class
C
Year Built/Renovated
1960/2018
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.48
Lot Size
0.37 AC
Zoning
J-2
Parking
38 Spaces (4.87 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
About 188 MEDFORD AVE , PATCHOGUE, NY 11772
Calling All Investors, Developers & End-Users!!! Excellent Opportunity To Own A Beautiful 7,800 Sqft. Corner J-2 Office/ Auto Repair Building On Busy Route 112/ Medford Ave. The Property Is Offered At A Profroma 19.5% Cap Rate!!! Property Features 7 Units, 3 Phase Power, 38 Parking Spaces, Excellent Signage, 5 Rollup Doors, +++!!! The Property Has Great Tenants (Hertz, Cab Company), & Room For An End-User. Collect Rent While Running Your Business. Low Taxes!!! This Property Has Huge Upside Potential!!! Current Rental Income With 2/7 Units Rented $70,800. The Current Cap Rate Is 7.48%; The Proforma Cap Rate Is 19.5%!!!
Property Taxes
| Parcel Number | 0200-975-40-01-00-025-000 | Improvements Assessment | $500 |
| Land Assessment | $1,500 | Total Assessment | $2,000 |
Property Taxes
Parcel Number
0200-975-40-01-00-025-000
Land Assessment
$1,500
Improvements Assessment
$500
Total Assessment
$2,000
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