Retail Strip in Freeport, NY
$3,299,000
88 Broadway, Freeport, NY 11520
For Sale
Retail
Street Retail
Active
Last Updated: 12/02/2024
3.81
Cap Rate
125,706
NOI
Details:
Cap Rate: 3.81%
NOI: $125,706
Pro Forma Cap Rate : 6.43%
Building Size: 5,310 sqft
Lot Area: 8,902 sqft
Class: C
Lease Type: Modified Gross
Year Built: 1923
Price Per Sqft: $621.28
Zoning: Commercial
Tenancy: Multiple
Investment Strategy: Opportunistic
Highlights:
- For Sale: Retail Strip in Freeport
- Fully-Occupied - New Tenant in Place in Unit 92
- Tenants Pay For Utilities
- Property is Located Within Walking Distance to the Freeport LIRR Station
- Close to Sunrise Hwy which has Several Retail Amenities & High Traffic Counts
Description:
American Investment Properties is exclusively retained to sell the property located at 88-91 Broadway, Freeport. At this location is a retail strip with multiple tenants. The tenants pay for the utilities.
This property is located within walking distance to the Freeport LIRR station.
Documents:
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Freeport__88-92_Broadway__Offering_Memorandum__Dec2024.pdf
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* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
