8 Wall St 3,000 SF Retail Building Huntington, NY 11743 $1,999,000 ($666.33/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- High Traffic Area
- Close to Route 25A
- Easy Access to Public Transportation
EXECUTIVE SUMMARY
This is for the real estate alone! Potential rental income $144,000/year. First floor is potential restaurant/bar. Second floor one user office space. Street has great exposure during December Holidays - street closes down to foot traffic only. Summer nights have some pre-planned shut downs for greater exposure! Price includes the building and the business. Town owned street makes greater flexibility for events and exposure. Business can be included for an additional $199,000 - key money! Christophers has been around for over 43 years - so be an owner/user OR invest in the real estate alone. Check the town of Huntington for future expansion possibilities. Next door to a mixed use building with retail and 4 residential apartments. Endless possibilities. Are you in a 1031 Exchange? - Here is a chance to own a piece of Wall Street.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,000 SF
Building Class
C
Year Built
1860
Price
$1,999,000
Price Per SF
$666.33
Cap Rate
7%
NOI
$139,930
Tenancy
Single
Building Height
2 Stories
Building FAR
1.38
Lot Size
0.05 AC
Zoning
C6 - a general central zoning district that allows a variety of commercial uses, residential buildings, and community facilities.
Frontage
51’ on Wall St
AMENITIES
- Courtyard
- Restaurant
- Signage
- Air Conditioning
Walk Score®
Walker's Paradise (95)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0400-072-00-01-00-030-000 | Improvements Assessment | $2,000 |
| Land Assessment | $2,500 | Total Assessment | $4,500 |
CONTACT
-
Otto Lugo -
The Alliance Group
