318 E Main St - Freestanding FOR SALE


Patchogue, NY 11772- East Patchogue
$2,800,000 USD
631-655-5093
318 E Main St, Patchogue, NY for Sale
$2,800,000 USD
Freestanding - FOR SALE
1/2
null | 5.6% Cap Rate

318 E Main St
Patchogue, NY 11772
East Patchogue


OVERVIEW

The property consists of 4 buildings. They are 100 percent occupied with month to month leases. An apartment complex is being built directly adjacent to the property. An assisted living facility is being built across the street. This area of East Patchogue is booming. The owner's family has owned the property for over 100 years when it was built as car dealerships for Cadillac- LaSalle , Packard, and Studebaker. The floors under the carpet n the main building are Terrazzo. The owner also owns the right of way through the property giving his tenants full access to all of the property.There is 25,800 square feet of space comprised of four buildings.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$319 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,937 SF

ZONING

-

APN/PARCEL ID

0200-977-50-03-00-011-000

ASK ABOUT THIS PROPERTY

BB KingTown & Country Real EstateMore Info
631-655-5093

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BB KingTown & Country Real EstateMore Info
631-655-5093

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