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56-66 Echo Ave 11,440 SF 75% Leased Retail Building Miller Place, NY 11764 $5,950,000 ($520.10/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- This shopping center has a variety of tenants including a pizzeria, pharmacy, music store, and dry cleaner.
EXECUTIVE SUMMARY
One story building with 7 units and one stand alone building with one unit. Only one vacancy.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
11,440 SF
Building Class
C
Year Built
1980
Price
$5,950,000
Price Per SF
$520.10
Cap Rate
6%
NOI
$356,916
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.27 AC
Zoning
BD - Business District
Parking
59 Spaces (6.21 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Drive Thru
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Former musical theater space. Call owner for rental rate.
Inline, retail, former home restoration business. Call owner for rental rate.
| Space | Size | Space Use | Position | Available |
| 62-1 | 1,476 SF | Retail | In-Line | Now |
| 74 | 1,363 SF | Retail | In-Line | Now |
62-1
| Size |
| 1,476 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
74
| Size |
| 1,363 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
62-1
| Size | 1,476 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Former musical theater space. Call owner for rental rate.
74
| Size | 1,363 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Inline, retail, former home restoration business. Call owner for rental rate.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $9,140 (2024) | |
| Land Assessment | $4,000 (2024) | Total Assessment | $13,140 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,000 (2024)
Improvements Assessment
$9,140 (2024)
Total Assessment
$13,140 (2024)
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56-66 Echo Ave
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