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Middle Island Plaza 2 Properties Offered at $15,500,000 in Middle Island, NY
INVESTMENT HIGHLIGHTS
- Ron Kleinberg, President of Tri-State Properties, has been retained as the exclusive selling broker for the property.
- Email: rkleinberg@tri-stateproperties.net
- Phone: 516-818-5626
EXECUTIVE SUMMARY
PROPERTY DESCRIPTION
Middle Island Plaza is an 82,000 SF supermarket-anchored neighborhood shopping center prominently located at 846–900 Middle Country Road, Middle Island, NY. Built in 1983 and situated on 13 acres, the center offers exceptional visibility, strong daily traffic, and convenient access with 380 on-site parking spaces.
Anchored by established national retailers including AutoZone, Bank of America, and Tutor Time, the plaza is further supported by a mix of local businesses that cater to the surrounding suburban community. The asset is being offered at $15,500,000, reflecting a current actual cap rate of 6.5%.
Middle Island Plaza also presents a compelling value-add opportunity with approximately 22,000 SF of additional leasable space, including an approved 4,050 SF pad site, providing upside through future leasing and expanded tenant mix.
Exclusive Representation:
Ron Kleinberg, President of Tri-State Properties, has been retained as the exclusive selling broker for the property.
For further information or to pursue this opportunity, please contact:
Ron Kleinberg
Tri-State Properties
Phone: 516-818-5626
Email: rkleinberg@tri-stateproperties.net
Middle Island Plaza is an 82,000 SF supermarket-anchored neighborhood shopping center prominently located at 846–900 Middle Country Road, Middle Island, NY. Built in 1983 and situated on 13 acres, the center offers exceptional visibility, strong daily traffic, and convenient access with 380 on-site parking spaces.
Anchored by established national retailers including AutoZone, Bank of America, and Tutor Time, the plaza is further supported by a mix of local businesses that cater to the surrounding suburban community. The asset is being offered at $15,500,000, reflecting a current actual cap rate of 6.5%.
Middle Island Plaza also presents a compelling value-add opportunity with approximately 22,000 SF of additional leasable space, including an approved 4,050 SF pad site, providing upside through future leasing and expanded tenant mix.
Exclusive Representation:
Ron Kleinberg, President of Tri-State Properties, has been retained as the exclusive selling broker for the property.
For further information or to pursue this opportunity, please contact:
Ron Kleinberg
Tri-State Properties
Phone: 516-818-5626
Email: rkleinberg@tri-stateproperties.net
PROPERTY FACTS
| Price | $15,500,000 | Number of Properties | 2 |
| Price / SF | $168.48 / SF | Individually For Sale | 0 |
| Cap Rate | 6.50% | Total Building Size | 92,000 SF |
| Sale Type | Investment | Total Land Area | 15.70 AC |
| Status | Active |
| Price | $15,500,000 |
| Price / SF | $168.48 / SF |
| Cap Rate | 6.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 92,000 SF |
| Total Land Area | 15.70 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Middle Island Plaza
856-900 Middle Country Rd, Middle Island, Middle Island, NY 11953 |
Retail | 82,000 SF | 1983 | - |
| 846 Middle Country Rd, Middle Island, NY 11953 | Specialty | 10,000 SF | 2016 | - |
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