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2 Freestanding Retail Strips

$1,925,000

409-419 Lake Ave, Nesconset, NY 11767

Active
Last Updated: 05/27/2025

4.21

Cap Rate

80,991

NOI

Details:
Cap Rate:    4.21%
NOI:    $80,991
Pro Forma Cap Rate :    5.3%
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. There is currently one vacancy available for lease 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.

Map:
Documents:
Title
Nesconset__409-419_Lake_Ave___211-217_Smithtown_Blvd__Offering_Memorandum__May2025.pdf
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