65 Deer Park Ave - Storefront Retail/Residential FOR SALE


Babylon, NY 11702
$1,300,000 USD
631-422-3100
65 Deer Park Ave, Babylon, NY for Sale
$1,300,000 USD
Storefront Retail/Residential - FOR SALE
1/7
null | 6.46% Cap Rate

65 Deer Park Ave
Babylon, NY 11702


HIGHLIGHTS

  • High Foot and Vehicular Traffic. Village Location, Close to All Highways, Parkways, Stores, Restaurants.
  • Lots of Natural Light. Storefront (2)
  • 7 Separate Units

OVERVIEW

Excellent investment opportunity in the heart of Babylon. This approximately 5,025 square-foot commercial building is fully income-producing property featuring (7) retail tenants and strong annual rental income. Ideally located on Deer Park Avenue with high visibility, foot traffic, vehicular traffic and accessibility, this property offers investors an established income stream with multiple tenancies. Annual expenses include taxes, insurance electric/heat and water resulting in an attractive net operating income and investment potential. This is a great opportunity to add a well-positioned commercial asset in a highly desirable Babylon location to your portfolio. Full basement. 6 Parking spaces, storage, 6 meters, 2 hot water tanks. Please do not disturb tenants. All appointments through listing Broker.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$259 USD /SF

CAP RATE

6.46%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

Commercial/Retail/Office

APN/PARCEL ID

0102-010-00-04-00-013-000

ASK ABOUT THIS PROPERTY

Cheryl MessinaSignature Premier PropertiesMore Info
631-422-3100

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Cheryl MessinaSignature Premier PropertiesMore Info
631-422-3100

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