145 Main St - Office FOR SALE


Port Washington, NY 11050- Baxter Estates
$3,600,000 USD
516-313-9792
145 Main St, Port Washington, NY for Sale
$3,600,000 USD
Office - FOR SALE
1/25
null | 7.06% Cap Rate

145 Main St
Port Washington, NY 11050
Baxter Estates


HIGHLIGHTS

  • Heavy Foot Traffic
  • Lots of Natural Light
  • Iconic Building

OVERVIEW

DGNY Commercial has been retained exclusively to facilitate the sale of this iconic bank building situated at a prime location on the corner of Main Street and Central Drive in busy downtown Port Washington. - This majestic and well-known property is within walking distance of the Long Island Railroad, with a quick 45 minute ride to Penn Station NYC, and is close to restaurants, shops, and entertainment venues. - Perfect for investors seeking to grow their portfolio, the approximately 10,000 SF of office space is offered subject to a NNN lease which runs through June, 2031, and currently generates a 7% CAP rate. The tenant, MID-SHIP Group, is a global leader in dry bulk cargo shipping, serving over 1,400 ports worldwide and offering comprehensive services including ocean freight, inland logistics and technology solutions. - 2-story building - Full basement with a gym and storage space - 21-car parking lot in the rear. - A unique building with a classic interior with vaulted ceilings and massive windows that allow for an abundance of natural lighting. There is a new roof on the building, a new gas boiler, and a backup generator. A one-of-a-kind investment opportunity.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$375 USD /SF

CAP RATE

7.06%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

undefined, Restaurant, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1923

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

Commercial

APN/PARCEL ID

2201-05-033-00-0137-0

ASK ABOUT THIS PROPERTY

Kari CaulfieldDGNY Commercial, LLCMore Info
516-313-9792

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

Kari CaulfieldDGNY Commercial, LLCMore Info
516-313-9792

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