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2074 Jericho Tpke 6,071 SF Retail Building East Northport, NY 11731 $4,234,312 CAD ($697.47 CAD/SF) 8.05% Cap Rate



Executive Summary
Exceptional opportunity to acquire a highly visible commercial property on busy Jericho Turnpike in East Northport. Situated on approximately 23958 SF of land, this freestanding building is currently operating as a restaurant and offers excellent exposure, ample parking, and strong traffic counts. Ideal for investors seeking an income-producing asset or end users looking to establish or expand their business in a prime Suffolk County location. Convenient access to major roadways, surrounded by established residential neighborhoods and commercial businesses. Potential for a variety of commercial uses subject to local zoning and approvals. Rare opportunity to own a well positioned commercial property in a desirable Long Island corridor. The property is currently operating as a restaurant and has been specially built out for Korean BBQ use, features approximately 60 seats, a full service bar, spacious dining areas, and a large commercial kitchen equipped for high volume food production. The restaurant including charcoal grilling infrastructure and related equipment. The premises have undergone municipal inspections and approvals for restaurant operation, representing significant value for a buyer looking to enter the market without the time, cost and uncertainty of a new restaurant buildout. The rear kitchen includes two walk in refrigerators and extensive preparation space. The basement offers approximately 10 ft ceiling height, a conveyor system, two additional walk-in refrigerator/freezer boxes, a separate entrance and ideal layout for commissary kitchen operations, shared kitchen rental, catering, food production, or restaurant support services. -The second floor includes multiple private rooms suitable for VIP dining, private events, parties, meetings, office space, or additional operational uses. Ample on site parking, strong traffic exposure, and excellent accessibility further enhance the property's appeal.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
6,071 SF
Building Class
C
Year Built
1990
Price
$4,234,312 CAD
Price Per SF
$697.47 CAD
Cap Rate
8.05%
NOI
$341,018 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.55 AC
Zoning
C6 - C6 districts permit a wide range of high-bulk commercial uses requiring a central location
Parking
39 Spaces (6.42 Spaces per 1,000 SF Leased)
Frontage
107’ on Jericho TPKE
Amenities
- Dedicated Turn Lane
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Aki Japanese Cuisine
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Aki Japanese Cuisine | Retailer | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0400-215-00-02-00-014-002 | Improvements Assessment | $9,236 CAD |
| Land Assessment | $4,973 CAD | Total Assessment | $14,209 CAD |
Property Taxes
Parcel Number
0400-215-00-02-00-014-002
Land Assessment
$4,973 CAD
Improvements Assessment
$9,236 CAD
Total Assessment
$14,209 CAD
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2074 Jericho Tpke
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