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INVESTMENT GRADE SELF STORAGE or DEVELOPMENT 96-122 Railroad Ave 5,600 SF 100% Leased Retail Building Center Moriches, NY 11934 $14,000,000 ($2,500/SF) 2.39% Cap Rate
Investment Highlights
- RARE 3.7 Acres INDUSTRIAL COMPLEX on LONG ISLAND NY
- FULLY APPROVED PLANS for ~55,000 S. Ft. SELF- STORAGE FACILITY **INCLUDED**
- 4 CORNER SIGNALIZED INTERSECTION w. UNOBTRUCTED SIGNAGE OPPORTUNITIES
- FULLY LEASED w. EXISTING N.O.I ~ $350,000k ANNUALLY
- PRIME CENTRAL LONG ISLAND / HAMPTONS ADJACENT LOCATION
- INVESTMENT GRADE DEVELOPMENT or CORPORATE HEADQUATERS / DISTRIBUTION OPPORTUNITY
Executive Summary
*** RARE LONG ISLAND EXISTING INDUSTRIAL & SELF STORAGE DEVELOPMENT OPPORTUNITY ***
PRIME INVESTMENT OPPORTUNITY located on high HAMPTONS ADJACENT/EAST END V.P.D. COMMUTER & PEDESTRIAN Corridor. Property location provides rapid access to Route 495/Long Island Expressway and Route 27/ Sunrise Hwy. Property comes with current tenancy and an impressive existing NOI of ~$334,000 ANNUALLY
*** ALSO INCLUDED is (~55,000 SQ.FT) PRE-APPROVED SELF - STORAGE APPROVED PLANS!*** A very rare opportunity to acquire an existing income-producing property with significant additional development potential. ** PRE APPROVED & SHOVEL READY plans are included with the sale.
The SELF STORAGE facility can be constructed by the purchaser, or the Seller is willing to negotiate construction of the approved facility. Prime large scale investor asset on LONG ISLANDS EAST END, an established CASH FLOWING LOCATION ALREADY POSITIONED FOR FUTURE GROWTH...
INVESTMENT GRADE Large Scale Commercial/Corporate Headquarters in prime location. Past tenants include Leasing for such Hamptons events as: National Film & Production Crews; NY News Organizations; 2026 US Golf Open; Hampton Classic Horse Show and various third party contractors for HAMPTONS SUMMER DEMOGRAPICS.
*Included in this sale are three separate lots with the following tax map numbers: Tax ID/APN: 0200-829-00-03-00-009-000 Tax ID/APN:0200-829-00-03-00-008-000 Tax ID/APN:0200-829-00-03-00-006-000
** SERIOUS INUIRIES CALL FOR ADDITIONAL DETAILS & FINANCIALS **
PRIME INVESTMENT OPPORTUNITY located on high HAMPTONS ADJACENT/EAST END V.P.D. COMMUTER & PEDESTRIAN Corridor. Property location provides rapid access to Route 495/Long Island Expressway and Route 27/ Sunrise Hwy. Property comes with current tenancy and an impressive existing NOI of ~$334,000 ANNUALLY
*** ALSO INCLUDED is (~55,000 SQ.FT) PRE-APPROVED SELF - STORAGE APPROVED PLANS!*** A very rare opportunity to acquire an existing income-producing property with significant additional development potential. ** PRE APPROVED & SHOVEL READY plans are included with the sale.
The SELF STORAGE facility can be constructed by the purchaser, or the Seller is willing to negotiate construction of the approved facility. Prime large scale investor asset on LONG ISLANDS EAST END, an established CASH FLOWING LOCATION ALREADY POSITIONED FOR FUTURE GROWTH...
INVESTMENT GRADE Large Scale Commercial/Corporate Headquarters in prime location. Past tenants include Leasing for such Hamptons events as: National Film & Production Crews; NY News Organizations; 2026 US Golf Open; Hampton Classic Horse Show and various third party contractors for HAMPTONS SUMMER DEMOGRAPICS.
*Included in this sale are three separate lots with the following tax map numbers: Tax ID/APN: 0200-829-00-03-00-009-000 Tax ID/APN:0200-829-00-03-00-008-000 Tax ID/APN:0200-829-00-03-00-006-000
** SERIOUS INUIRIES CALL FOR ADDITIONAL DETAILS & FINANCIALS **
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,600 SF
Building Class
C
Year Built
2012
Price
$14,000,000
Price Per SF
$2,500
Cap Rate
2.39%
NOI
$334,590
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.03
Lot Size
3.70 AC
Zoning
L-1 - Light Industrial & Retail
REDEVELOPMENT PLANS APPROVED
Parking
126 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Bus Line
- Commuter Rail
- Corner Lot
- Fenced Lot
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Storage Space
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Ditomaso Designs
- Professional, Scientific, and Technical Services
- -
- -
- -
- Hometown Deli
- Manufacturing
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Ditomaso Designs | Professional, Scientific, and Technical Services | - | - | - | ||
| Hometown Deli | Manufacturing | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0200-829-00-03-00-008-000 | Improvements Assessment | $1,550 |
| Land Assessment | $950 | Total Assessment | $2,500 |
Property Taxes
Parcel Number
0200-829-00-03-00-008-000
Land Assessment
$950
Improvements Assessment
$1,550
Total Assessment
$2,500
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INVESTMENT GRADE SELF STORAGE or DEVELOPMENT | 96-122 Railroad Ave