19 Suffolk St - Office FOR SALE


Freeport, NY 11520
$1,500,000 USD
516-279-8828
19 Suffolk St, Freeport, NY for Sale
$1,500,000 USD
Office - FOR SALE
1/41
null | 11.02% Cap Rate

19 Suffolk St
Freeport, NY 11520


HIGHLIGHTS

  • Calling All Investors, Developers, End-Users!!! 11.02 Cap Corner Mixed-Use Property With Huge Private Parking Lot 1 Block From The Nautical Mile For S
  • The Property Features Excellent Signage, Great Exposure, High 9’ Ceilings, 28 Parking Spaces In A Private Lot, Marine Industrial (I) Zoning, +++!!!
  • The Property Is Located In The Heart Of Freeport Only Minutes From Merrick Rd., Sunrise Hwy., & The Meadowbrook Pkwy.!!!
  • Neighbors Include Land Rover, Porsche, BMW, Lexus, Chevrolet,, Mitsubishi, UPS, The Home Depot, Target, CVS, Petco, Best Buy, Sunoco, Staples, +++!!
  • The Entire Property Can Be Delivered Vacant If Need Be.
  • This Property Offers HUGE Upside Potential!!!

OVERVIEW

Calling All Investors, Developers, End-Users!!! 11.02 Cap Corner Mixed-Use Property With Huge Private Parking Lot 1 Block From The Nautical Mile For Sale!!! The Property Features Excellent Signage, Great Exposure, High 9’ Ceilings, 28 Parking Spaces In A Private Lot, Marine Industrial (I) Zoning, 2 Br. Apartment, Office, Large Yard, 4 Stories, Accessible Bathrooms, Storage Area, Strategically Placed Curb Cuts, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Freeport Only Minutes From Merrick Rd., Sunrise Hwy., & The Meadowbrook Pkwy.!!! The Building Is Situated On A Huge 11,500 Sqft. Corner Lot!!! Neighbors Include Land Rover, Porsche, BMW, Lexus, Chevrolet,, Mitsubishi, UPS, The Home Depot, Target, CVS, Petco, Best Buy, Sunoco, Staples, Mavis Discount Tire, HomeGoods, Marshalls, Dunkin’, McDonald’s, Burlington, Burger King, Gap, +++!!! The Entire Property Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property, Development Site Or Home For Your Business!!! Income: 1st Fl.: $54,000 Ann. (Available) 2nd Fl. (Office): $48,000 Ann. (Available) 3rd Fl. (2 Br. Apt.): $31,200 Ann. M-M. Yard: $60,000 Ann. (Available) Pro Forma Gross Income: $193,200 Ann. Expenses: Taxes: $27,919.30 Ann. Total Expenses: $27,919.30 Ann. Net Operating Income (NOI): $165,280.70 Ann. (Pro Forma 11.02% Cap!!!)

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$294 USD /SF

CAP RATE

11.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Restaurant, Distribution, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,499 SF

ZONING

Marine Industrial (I)

APN/PARCEL ID

2009-62-176-00-0325-0

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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