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554 Route 112, Patchogue 554 Route 112 7,000 SF 50% Leased Retail Building Patchogue, NY 11772 $2,850,000 ($407.14/SF) 6.35% Cap Rate
Investment Highlights
- 1 Story Building with 5 Tenants (With 2 taking two units each).
- Anchored by a 2,450 sq ft bar
- About a half mile North of Sunrise Hwy (#27) on the West side of Medford Ave.
Executive Summary
1 Story Building with 5 Tenants (With 2 taking two units each).
About a half mile North of Sunrise Hwy (#27) on the West side of Medford Ave.
About a half mile North of Sunrise Hwy (#27) on the West side of Medford Ave.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$269,537
|
$38.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$269,537
|
$38.51
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$88,631
|
$12.66
|
| Net Operating Income |
$180,906
|
$25.84
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $269,537 |
| Annual Per SF | $38.51 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $269,537 |
| Annual Per SF | $38.51 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $88,631 |
| Annual Per SF | $12.66 |
| Net Operating Income | |
|---|---|
| Annual | $180,906 |
| Annual Per SF | $25.84 |
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
7,000 SF
Building Class
C
Year Built
1978
Price
$2,850,000
Price Per SF
$407.14
Cap Rate
6.35%
NOI
$180,906
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.73 AC
Zoning
Commercial - Commercial
Parking
39 Spaces (5.57 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Restaurant
- Signage
About 554 ROUTE 112 , PATCHOGUE, NY 11772
Small retail center with 4 units and 39 parking spaces.
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Bad Phish Household and Tobacco Products
- -
- -
- -
- -
- JD's 720 Bar
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Bad Phish Household and Tobacco Products | - | - | - | - | ||
| JD's 720 Bar | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Inline, retail. Call owner for rental rate.
End cap, retail, former Tobacco store.
| Space | Size | Space Use | Position | Available |
| 554 #D | 1,500 SF | Retail | In-Line | Now |
| A/B | 2,000 SF | Retail | End Cap | Now |
554 #D
| Size |
| 1,500 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
A/B
| Size |
| 2,000 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
554 #D
| Size | 1,500 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Inline, retail. Call owner for rental rate.
A/B
| Size | 2,000 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
End cap, retail, former Tobacco store.
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $6,025 (2024) | |
| Land Assessment | $1,290 (2024) | Total Assessment | $7,315 (2024) |
Property Taxes
Parcel Numbers
Land Assessment
$1,290 (2024)
Improvements Assessment
$6,025 (2024)
Total Assessment
$7,315 (2024)
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554 Route 112, Patchogue | 554 Route 112
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