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4481-4517 Sunrise Hwy 18,847 SF 57% Leased Retail Building Bohemia, NY 11716 $3,500,000 ($185.71/SF) 10.53% Cap Rate
INVESTMENT HIGHLIGHTS
- Very high projected cash flow
- Prime corner location at Sunrise Hwy & Sycamore Ave
- Minutes from LIRR, shopping centers, and dense housing
- Very strong foot traffic and visibility
- Over 230 feet of high-visibility frontage
- 57% leased with national tenants including Verizon
EXECUTIVE SUMMARY
Curb Capital LLC is pleased to present 4481-4505 Sunrise Hwy, a retail strip in Bohemia, NY, offering 18,980 SF of space with 7 retail units (4/7 currently occupied), and significant value-add potential, all located just minutes from major shopping centers, national retailers, schools, parks, residential neighborhoods, and the LIRR.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
18,847 SF
Building Class
B
Year Built
1981
Price
$3,500,000
Price Per SF
$185.71
Cap Rate
10.53%
NOI
$368,587
Percent Leased
57%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.47
Lot Size
0.92 AC
Zoning
BUS 1 - Commercial
Parking
48 Spaces (2.55 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Bus Line
- Commuter Rail
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0500-278-00-01-00-022-001 | Improvements Assessment | $5,500 |
| Land Assessment | $169,500 | Total Assessment | $175,000 |
PROPERTY TAXES
Parcel Number
0500-278-00-01-00-022-001
Land Assessment
$169,500
Improvements Assessment
$5,500
Total Assessment
$175,000
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4481-4517 Sunrise Hwy
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