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1179 Old Country CR-58 Rd 8,000 SF Industrial Building Riverhead, NY 11901 $3,318,000 CAD ($414.75 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- High traffic location in busy commercial hub
- Join other neighboring national retailers
- Close proximity to schools and hospital
EXECUTIVE SUMMARY
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$454,895
|
$97.78
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$454,895
|
$97.78
|
| Taxes |
$50,079
|
$10.76
|
| Operating Expenses |
$48,857
|
$10.50
|
| Total Expenses |
$98,936
|
$21.27
|
| Net Operating Income |
$355,960
|
$76.52
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $454,895 |
| Annual Per SF | $97.78 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $454,895 |
| Annual Per SF | $97.78 |
| Taxes (CAD) | |
|---|---|
| Annual | $50,079 |
| Annual Per SF | $10.76 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $48,857 |
| Annual Per SF | $10.50 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $98,936 |
| Annual Per SF | $21.27 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $355,960 |
| Annual Per SF | $76.52 |
PROPERTY FACTS
| Price | $3,318,000 CAD | Rentable Building Area | 8,000 SF |
| Price Per SF | $414.75 CAD | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built/Renovated | 1964/2020 |
| Cap Rate | 5% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.5/1,000 SF |
| Property Subtype | Showroom | No. Dock-High Doors/Loading | 1 |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 0.47 AC | ||
| Zoning | Business Center - Zoning allows retail, restaurant, office, personal services, new motor vehicle dealership, and many other commercial uses. | ||
| Price | $3,318,000 CAD |
| Price Per SF | $414.75 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 5% |
| Property Type | Industrial |
| Property Subtype | Showroom |
| Building Class | B |
| Lot Size | 0.47 AC |
| Rentable Building Area | 8,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1964/2020 |
| Tenancy | Single |
| Parking Ratio | 1.5/1,000 SF |
| No. Dock-High Doors/Loading | 1 |
| Opportunity Zone |
Yes |
| Zoning | Business Center - Zoning allows retail, restaurant, office, personal services, new motor vehicle dealership, and many other commercial uses. |
AMENITIES
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- -
Cancos Tile Corp. is a family owned and operated business and has been a ceramic tile, marble and granite agent, importer, distributor and retailer since 1953. They are a Long Island based company whose growth has been strong and steady. They feature 12 designer showrooms, over 400,000 square feet of warehouse capacity, over 1200 completely designed and decorated vignettes, and a marble, granite and stone fabrication plant on site. Their growth and strength relies in their superior selection and inventory and its availability. They stock everything they promote, no wait time. They have millions of dollars invested in inventory, which means they can deliver when you need it. Their fabrication division maintains state of the art machinery; they can create whatever you can draw. They can fulfill the needs of any job, tile or stone. They have over twelve outside salesmen who cover the entire United States.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | - | - |
PROPERTY TAXES
| Parcel Number | 0600-108-00-04-00-003-000 | Total Assessment | $243,123 CAD (2024) |
| Land Assessment | $33,670 CAD (2024) | Annual Taxes | $50,079 CAD ($6.26 CAD/SF) |
| Improvements Assessment | $209,453 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
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1179 Old Country CR-58 Rd
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