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270 Sunrise Hwy 2,938 SF 100% Leased Retail Building Rockville Centre, NY 11570 $1,999,999 ($680.73/SF) 5.92% Cap Rate
Investment Highlights
- For Sale: Retail & Office Building in Rockville Centre, NY
- Retail Space was Recently Renovated
- High Traffic Counts on Sunrise Hwy: 42,010 Cars Per Day
- Consisting of (1) Retail Space on the Ground Floor and (1) Office Space on the 2nd Floor
- Office Tenant Reimburses for Taxes
- Municipal Parking Located Behind the Building
Executive Summary
American Investment Properties is retained to sell the property located at 270 Sunrise Hwy, Rockville Centre, NY. At this location is a retail and office building consisting of two tenants. The building is currently fully-occupied and the building is located in the heart of Rockville Centre. There is a municipal parking lot located behind the building and the property is steps away from the Rockville Centre LIRR train station.
Property Facts
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Building Size
2,938 SF
Building Class
C
Year Built
1930
Price
$1,999,999
Price Per SF
$680.73
Cap Rate
5.92%
NOI
$118,450
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.28
Lot Size
0.05 AC
Zoning
Commercial
Parking
5 Spaces (1.7 Spaces per 1,000 SF Leased)
Frontage
2’ on Sunrise Hwy
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2029-38-320-00-0102-0 | Improvements Assessment | $3,306 |
| Land Assessment | $725 | Total Assessment | $4,031 |
Property Taxes
Parcel Number
2029-38-320-00-0102-0
Land Assessment
$725
Improvements Assessment
$3,306
Total Assessment
$4,031
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270 Sunrise Hwy
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