168 Main St - Office/Residential FOR SALE


Huntington, NY 11743
$2,600,000 USD
917-613-9604
168 Main St, Huntington, NY for Sale
$2,600,000 USD
Office/Residential - FOR SALE
1/14
null | 6.79% Cap Rate

168 Main St
Huntington, NY 11743


HIGHLIGHTS

  • ? Prime Main Street location in the Huntington Hamlet Center w/Stable medical, psychological, and professional office tenancy
  • ? Value-add: 2,290 SF of finished suites available at $38/SF
  • ? Turnkey, with 2016 to 2026 capital improvements complete
  • ? Mixed-use income including a residential apartment
  • ? C3 zoning, 23 on-site parking spaces
  • ? Seller financing available; existing mortgage may be assumable

OVERVIEW

168 Main Street is a fully built-out 6,350 SF mixed-use office and medical building on a prime Main Street corner in the heart of downtown Huntington, within the Huntington Hamlet Center. The building holds 9 office/medical suites plus 1 residential apartment, anchored by stable, service-based professional tenants, with the apartment adding diversified income. Three of the office suites, totaling 2,290 SF, are currently vacant and available for immediate lease-up at $38/SF, while the remaining suites are leased and occupied. That creates clear value-add upside, with a stabilized pro forma at roughly a 6.8% cap. An extensive 2016 to 2026 capital program (new roof, Thermopane windows, brick extension, updated mechanicals, and full spa build-outs) leaves a turnkey asset with minimal near-term needs. C3 commercial zoning, 23 on-site parking spaces, and seller financing available to qualified buyers, with the existing mortgage potentially assumable. Full offering package and financials available under executed NDA.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$409 USD /SF

CAP RATE

6.79%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

C3

APN/PARCEL ID

0400-072-00-05-00-006-002

ASK ABOUT THIS PROPERTY

Stacy McFaddenSignature Premier PropertiesMore Info
917-613-9604

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Stacy McFaddenSignature Premier PropertiesMore Info
917-613-9604

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