Share This Listing

Message

938 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

State Street Plaza 1200 E Jericho Tpke 10,476 SF 100% Leased Retail Building Huntington, NY 11743 $8,166,132 CAD ($779.51 CAD/SF) 6.02% Cap Rate

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Fully-Occupied 10 Unit Retail Neighborhood Center
  • Ample Parking to Accommodate Customers
  • Close Proximity From The Northern State Parkway
  • Handful of Long Term Tenants & 5+ Year Leases; Majority have 3% Annual Increases in Rent
  • High Traffic Counts: Over 33,800 VPD
  • Near Other Bustling Neighborhood Amenities

EXECUTIVE SUMMARY

At this location you'll find a 10-unit retail strip center. Also known as State Street Plaza, this property is a neighborhood staple, providing many services for local residents. This property is currently fully-occupied. State Street Plaza consists of about 50 parking spaces with one curb cut serving as an entrance/exit. This property is in a prime location. In addition to being on the busy Jericho Turnpike where over 33,800 cars drive by each day, it's only 5 minutes off the Northern State Parkway. Neighborhood amenities surround this property. Nearby you'll find car dealerships, restaurants, gas stations, and a Stop & Shop.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Storefront
Building Size
10,476 SF
Building Class
B
Year Built
1960
Price
$8,166,132 CAD
Price Per SF
$779.51 CAD
Cap Rate
6.02%
NOI
$491,781 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.00 AC
Zoning
C6
Parking
50 Spaces (4.77 Spaces per 1,000 SF Leased)
Frontage
195’ on Jericho Tpke

NEARBY MAJOR RETAILERS

Webster Bank
Stop & Shop
Chase Bank
Toyota
TD Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0400-208-00-02-00-019-002
Land Assessment
$6,664 CAD
Improvements Assessment
$10,171 CAD
Total Assessment
$16,835 CAD
  • Listing ID: 34490087

  • Date on Market: 2024-12-04

  • Last Updated:

  • Address: 1200 E Jericho Tpke, Huntington, NY 11743

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}