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2 Freestanding Retail Strips

$1,925,000

409-419 Lake Ave, Nesconset, NY 11767

Active
Last Updated: 01/21/2025

5

Cap Rate

96,171

NOI

Details:
Cap Rate:    5%
NOI:    $96,171
Building Size:    9,121 sqft
Lot Area:    32,670 sqft
Occupancy:    100%
Class:    C
Lease Type:    Modified Gross
Price Per Sqft:    $211.05
Zoning:    Commercial
Tenancy:    Multiple
Parking Spots:    38
Gross Leaseable Area:    9,121
Investment Strategy:    Opportunistic
Highlights:
  • For Sale: 2 Retail Buildings in Nesconset, NY
  • Located on the Corner of Smithtown Blvd and Lake Ave
  • The Property has Approximately 38 On-Site Parking Spaces
  • Located Near Other Neighborhood Retail & Amenities
  • Close to the Smithtown Bypass & the Long Island Expy
Description:

American Investment Properties is retained to sell the properties located at 409-419 Lake Ave and 211-217 Smithtown Blvd, Nesconset, NY. At these locations are two freestanding retail strip centers that are located on the same parcel of land. Both buildings are fully-occupied and there are approximately 38 on-site parking spaces. This property is located near several other neighborhood amenities and is located close to the Smithtown Bypass & the Long Island Expy.

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Documents:
Title
Nesconset__409-419_Lake_Ave___211-217_Smithtown_Blvd__Offering_Memorandum_.pdf
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