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Retail/Industrial Space w/Large Fenced Yard 61-65 Smithtown Blvd 6,860 SF 100% Leased Retail Building Smithtown, NY 11787 $2,500,000 ($364.43/SF) 5% Cap Rate
Investment Highlights
- 200 Amps Oil heat.
- Small basement in corner with access from inside.
- 14' clear.
Executive Summary
This property is being offered by Industry One Realty and it features:
Large fenced yard. Possible Industrial use in 1/2 the building. Retail space divided into four (4) units, of which 2 units are occupied by dry cleaners. Dry cleaner lease exp of 3/2027 ; The Remaining two Retail units are available and can be combine. There is also +/- 3,000 sq. ft. industrial unit with rear drive in into back yard.
Large fenced yard. Possible Industrial use in 1/2 the building. Retail space divided into four (4) units, of which 2 units are occupied by dry cleaners. Dry cleaner lease exp of 3/2027 ; The Remaining two Retail units are available and can be combine. There is also +/- 3,000 sq. ft. industrial unit with rear drive in into back yard.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,860 SF
Building Class
C
Year Built
1990
Price
$2,500,000
Price Per SF
$364.43
Cap Rate
5%
NOI
$125,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.08 AC
Parking
42 Spaces (6.12 Spaces per 1,000 SF Leased)
Frontage
128’ on Smithtown Blvd
Amenities
- Dedicated Turn Lane
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 0800-135-00-04-00-006-000 | Improvements Assessment | $10,200 |
| Land Assessment | $3,800 | Total Assessment | $14,000 |
Property Taxes
Parcel Number
0800-135-00-04-00-006-000
Land Assessment
$3,800
Improvements Assessment
$10,200
Total Assessment
$14,000
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Retail/Industrial Space w/Large Fenced Yard | 61-65 Smithtown Blvd
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