25 West Neck Rd - Freestanding FOR SALE


Shelter Island, NY 11964
$2,500,000 USD
917-994-7028
25 West Neck Rd, Shelter Island, NY for Sale
$2,500,000 USD
Freestanding - FOR SALE
1/30
null | Request Cap Rate

25 West Neck Rd
Shelter Island, NY 11964


HIGHLIGHTS

  • Great investment possibilities with multiple buildings, warehouse, multiple tenants, and owner user option.
  • Storage, basement, limited commercial properties is available on the island and comes with grease trap, grill, and walk in refrigerator.
  • Great location, located within a charming, conservation-minded area rich in character.
  • This location combines business functionally ample parking, with scenic, historic coastal community enriched by beaches, and trials.

OVERVIEW

25 West Neck has three buildings on the property; Building one has two tenants and is 48 x 34.2. basement, there are two furnaces with two 275-gallon tanks. There is Ample Parking on the property. Building two is one tenant-occupied and is 24.3 x 33.5. Building 3 Griffin is 34 x 32 with a 10-ft overhead door. The building has large signage out front. There are water wells for all buildings; attached are plans to show the layout of the spaces. Two tenants occupy the front building. Tenant one is a bagel company occupying 1,655 sq. Ft. Board health approval, front entry with porch and 7ft overhang. New 2018 air conditioner/heat, Exhaust added 2020, fire suppression system, walk-in refrigerator, grease trap 2024, fenced-in dumpster area, and much more. The second tenant is a dog groomer occupying approximately 1600 sq—ft. Renovated in 2005, it includes a water filter, grooming area, laundry room, and retail section. The middle building was occupied for years by a dentist. In the 2021 handicap ramp, a hair studio with a 24x33.5 full basement, balcony doors, and a redone interior was constructed. The third building is a butler’s with a drive-thru door, open space, electric door, pad dumpster, six-inch concrete floor, and 100 amp. The owner had used it for storage. There are currently two leases for two of the four spaces.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$377 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

B

APN/PARCEL ID

0700-014-00-03-00-075-006

ASK ABOUT THIS PROPERTY

Paula Quesnel - JermanDaniel Gale Sotheby's International RealtyMore Info
917-994-7028

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

Paula Quesnel - JermanDaniel Gale Sotheby's International RealtyMore Info
917-994-7028

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