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. Iwith athe 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. Property has multiple tenants, and the owner had occupied warehouse space, and one of the front stores. Those spaces will be available for owner occupied or to lease, to tenant after purchase.

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

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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 Policy.