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742-746 Middle Country Rd 4,847 SF 100% Leased Retail Building Selden, NY 11784 $1,720,000 ($354.86/SF) 6.27% Cap Rate
Investment Highlights
- 62-acre property benefits from exceptional visibility in a bustling commercial corridor.
- Located on a major thoroughfare, the property ensures maximum brand visibility with significant daily vehicle and foot traffic.
- Situated at the high-traffic intersection of Middle Country Road.
- The .62-acre parcel provides ample space for expansion, additional parking, or alternative commercial uses, enhancing investment flexibility.
Executive Summary
The combination of income-generating assets (bar/pub and house) and redevelopment potential offers multiple revenue streams and long-term value appreciation. Close to shopping centers, residential neighborhoods, and public transit, ensuring a steady flow of patrons and convenience for tenants. Zoned for commercial use, the property supports a variety of business models, from restaurants to entertainment venues, with potential for mixed-use development.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,847 SF
Building Class
C
Year Built
1940
Price
$1,720,000
Price Per SF
$354.86
Cap Rate
6.27%
NOI
$107,829
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.62 AC
Zoning
C - Commercial
Parking
50 Spaces (10.32 Spaces per 1,000 SF Leased)
Frontage
120’ on Middle Country Road
Amenities
- Corner Lot
Nearby Major Retailers
Property Taxes
| Parcel Number | 0200-473-00-05-00-013-000 | Improvements Assessment | $835 |
| Land Assessment | $615 | Total Assessment | $1,450 |
Property Taxes
Parcel Number
0200-473-00-05-00-013-000
Land Assessment
$615
Improvements Assessment
$835
Total Assessment
$1,450
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742-746 Middle Country Rd
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