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35 W Main St 5,200 SF 29% Leased Retail Building Smithtown, NY 11787 $1,400,000 ($269.23/SF) 6.82% Cap Rate
Investment Highlights
- For Sale: Mixed-Use Building in Smithtown, NY
- Newly Renovated in 2023
- Surrounded by Various Other Retail Spaces on W Main St
- Consisting of (1) Retail Space on the Ground Floor & (3) Office Spaces on the 2nd Floor
- Within Walking Distance to the Smithtown LIRR Train Station
- Municipal Parking Lot is Located One Block Away in Addition to Street Parking
Executive Summary
American Investment Properties is retained to sell 35 W Main St, Smithtown, NY. At this location is a retail and office building consisting of (1) retail space on the ground floor and (3) office spaces on the second floor. This building was newly renovated in 2023 and is located within walking distance to the Smithtown LIRR train station.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
5,200 SF
Building Class
C
Year Built/Renovated
1950/2023
Price
$1,400,000
Price Per SF
$269.23
Cap Rate
6.82%
NOI
$95,424
Percent Leased
29%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
1.99
Lot Size
0.06 AC
Zoning
Commercial
Frontage
Amenities
- Corner Lot
Walk Score®
Very Walkable (79)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0800-077-00-04-00-032-000 | Improvements Assessment | $1,825 |
| Land Assessment | $4,375 | Total Assessment | $6,200 |
Property Taxes
Parcel Number
0800-077-00-04-00-032-000
Land Assessment
$4,375
Improvements Assessment
$1,825
Total Assessment
$6,200
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35 W Main St
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