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Middle Island Plaza 846-900 Middle Country Rd, Middle Island 86,118 SF 75% Leased Retail Building Middle Island, NY 11953 $17,500,000 ($203.21/SF) 6.45% Cap Rate
Investment Highlights
- For Sale: Middle Island Plaza Retail Center
- 3,500 SF Drive-thru Pad Site is Available and Approved to be Built on the Property
- 772 ft of Frontage on Middle Country Rd
- Consisting of Several Retail Tenants - Majority on Long-Term Leases
- Most Tenants have Options to Extend
- Ample On-Site Parking with 380 Spaces
Executive Summary
American Investment Properties is retained to sell the property located at 846-900 Middle Country Rd, Middle Island. At this location is a large retail neighborhood center consisting of several tenants. Most tenants are on long-term leases with options to extend. There are currently 2 vacant spaces that provide for great lease-up opportunities. This property has vast frontage on Middle Country Rd and ample on-site parking for the convenience of shoppers.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
86,118 SF
Building Class
B
Year Built
1983
Price
$17,500,000
Price Per SF
$203.21
Cap Rate
6.45%
NOI
$1,128,207
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.15
Lot Size
13.00 AC
Zoning
Commercial
Parking
380 Spaces (4.41 Spaces per 1,000 SF Leased)
Frontage
772’ on Middle Country Rd
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Former Middle Island Rite Aid store Available for lease. This 15,000 Sq. Ft. space is available for immediate lease. Space includes 1 Drive in Bay, two bathrooms and a large open floor plan.
| Space | Size | Space Use | Position | Available |
| 864 | 15,000 SF | Retail | In-Line | Now |
864
| Size |
| 15,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 19
Videos
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Photos
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Street
Map
864
| Size | 15,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Former Middle Island Rite Aid store Available for lease. This 15,000 Sq. Ft. space is available for immediate lease. Space includes 1 Drive in Bay, two bathrooms and a large open floor plan.
Nearby Major Retailers
Property Taxes
| Parcel Number | 0200-403-00-02-00-002-001 | Improvements Assessment | $49,130 |
| Land Assessment | $8,000 | Total Assessment | $57,130 |
Property Taxes
Parcel Number
0200-403-00-02-00-002-001
Land Assessment
$8,000
Improvements Assessment
$49,130
Total Assessment
$57,130
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Middle Island Plaza | 846-900 Middle Country Rd, Middle Island
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