164 Margin Dr W - Freestanding FOR SALE


Shirley, NY 11967
$1,200,000 USD
631-261-2800
164 Margin Dr W, Shirley, NY for Sale
$1,200,000 USD
Freestanding - FOR SALE
1/3
null | 5.33% Cap Rate

164 Margin Dr W
Shirley, NY 11967


OVERVIEW

5000 SF retail strip for sale. Excellent location on margin drive with visibility from heavily traveled William Floyd pkway. Surrounded by national retailers. Minutes to smiths point beach, the LIE and major roadways. Currently divided into 3 units, with CO in place for 4 units. Solid tenants with leases in place make this an ideal investment opportunity. Long term tenants include a barbershop that has been in the center for 20+ years, a nail salon in place for 15+ years and a boxing/martial arts studio. Perfectly maintained building with new roof, central alarm system and newly paved parking lot. Tenants pay utilities and lawn maintenance.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$240 USD /SF

CAP RATE

5.33%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

-

APN/PARCEL ID

0200-967-00-02-00-037-000

ASK ABOUT THIS PROPERTY

Joanne OttKeystone Realty USAMore Info
631-261-2800

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Joanne OttKeystone Realty USAMore Info
631-261-2800

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