199 E Main St - Office FOR SALE


Smithtown, NY 11787
$1,350,000 USD
631-524-0524
199 E Main St, Smithtown, NY for Sale
$1,350,000 USD
Office - FOR SALE
1/18
null | 6.6% Cap Rate

199 E Main St
Smithtown, NY 11787


OVERVIEW

4,741 SF Class B office building on Smithtown's East Main Street corridor. Three stories of leasable office space on a 0.38-acre lot with 20 parking spaces. Built in 1844, extended in 1980. Fully occupied and generating income from day one. Recent capital improvements include a new roof, new windows, new gutters, gas conversion (from oil), new boiler and hot water tank, two of three new condensers, and a new mini-split HVAC system. The major work is done — a buyer steps in with stable in-place income and minimal near-term capital exposure. Strong 1031 exchange candidate or straightforward cash-flow investment in one of Suffolk County's most established office corridors. Highlights: 100% leased — turnkey income 4,741 SF | 3 stories | 20-space parking lot Major capex recently completed East Main Street frontage, Smithtown Priced at $285/SF

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$285 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1844

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

-

APN/PARCEL ID

0803-002-00-01-00-003-000

ASK ABOUT THIS PROPERTY

Richard PinoR & R Commercial Realty GroupMore Info
631-524-0524

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Richard PinoR & R Commercial Realty GroupMore Info
631-524-0524

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