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70 S Main St 5,000 SF Office Condo Unit Offered at $1,450,000 in Freeport, NY 11520
PROPERTY FACTS
| Total Building Size | 5,000 SF | Typical Floor Size | 3,198 SF |
| Property Type | Retail (Condo) | Year Built | 2005 |
| Property Subtype | Storefront Retail/Residential | Lot Size | 0.16 AC |
| Building Class | B | Parking Ratio | 2/1,000 SF |
| Floors | 4 |
| Total Building Size | 5,000 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 3,198 SF |
| Year Built | 2005 |
| Lot Size | 0.16 AC |
| Parking Ratio | 2/1,000 SF |
1 UNIT AVAILABLE
Unit 1
| Unit Size | 5,000 SF | Sale Type | Investment |
| Price | $1,450,000 | Cap Rate | 5.50% |
| Price Per SF | $290.00 | NOI | $79,700 |
| Condo Use | Office |
| Unit Size | 5,000 SF |
| Price | $1,450,000 |
| Price Per SF | $290.00 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| NOI | $79,700 |
SALE NOTES
High ceilings and three walls of windows, leased through May 2021 to Corporation of the
Presiding Bishop of the Church of Jesus Christ of Latter Day Saints, a Utah Corp., paved walkway
from municipal parking lot in rear to Main Street, abundant parking, walking distance to LIRR,
located between Sunrise Hwy & Merrick Rd. Prime State-Of-The-Art new construction.
Total Income: $139,700
Expenses: $60,000
NOI: $79,700
CAP Rate: 6.4%
Walk Score®
Walker's Paradise (92)
MAJOR TENANT INFORMATION
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Church Of Jesus Christ of Latter Day Saints |
5,000 SF
|
May 2026
|
| Brook Valley Kydaha Inc |
500 SF
|
-
|
NEARBY MAJOR RETAILERS
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70 S Main St
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