123 Medford Ave - Storefront FOR SALE


Patchogue, NY 11772
$1,250,000 USD
631-433-3005
123 Medford Ave, Patchogue, NY for Sale
$1,250,000 USD
Storefront - FOR SALE
1/15
null | Request Cap Rate

123 Medford Ave
Patchogue, NY 11772


OVERVIEW

Hello investors....landlord , retiring to FLORIDA. GREAT INCOME producing property . 2 YEAR OLD ROOF, 3 YEAR OLD PARKING LOT 6200 sq ft. .36 acre ..gas heat LEMON TREE... headcutters, 35 year tenant. 1000 sq ft new lease 7/1/2022 - 6/30/2027.......... $2495. mo. DELI................ 20 YEAR LEASE, LEAAE 10/12008-9/30/2028. .....$4967. MO. ........2200 SQ FT 1ST FLOOR 2200 SFT 2 ND FL 1200 SFT. 5 POINTS GYM..20 YEAR LEASE..1800 SQ FT, .......$1850. MO................LEASE( 8/1/2022 - 5 YEARS) + 5 YEARS + 5 YEARS + 5 YEARS ALL tenants are excellent people and very smart business people. they ALL are up to date on rent, snow, maintenance. TOTAL MONTHLY INCOME :$9132. TOTAL YEARLY INCOME.............$111,749,000. EXPENSES TAXES GRIEVED : ............$26,000.00 INSURANCE ............$ 9000.00 MAINTENANCE ............$ 2000.00 NOI : .............................................$74,749.00

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$280 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

C

APN/PARCEL ID

0204-006-00-03-00-025-000

ASK ABOUT THIS PROPERTY

Gary TerrasiRealty Connect USAMore Info
631-433-3005

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Gary TerrasiRealty Connect USAMore Info
631-433-3005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.