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25 West Neck Rd 6,630 SF 100% Leased Retail Building Shelter Island, NY 11964 $3,456,250 CAD ($521.30 CAD/SF)
INVESTMENT HIGHLIGHTS
- Great investment possibilities with multiple buildings, warehouse, multiple tenants, and owner user option.
- Great location, located within a charming, conservation-minded area rich in character.
- Storage, basement, limited commercial properties is available on the island and comes with grease trap, grill, and walk in refrigerator.
- This location combines business functionally ample parking, with scenic, historic coastal community enriched by beaches, and trials.
EXECUTIVE SUMMARY
25 West Neck has three buildings on the property;
Building one has two tenants and is 48 x 34.2. basement, there are two furnaces with two 275-gallon tanks. There is Ample Parking on the property. Building two is one tenant-occupied and is 24.3 x 33.5. Building 3 Griffin is 34 x 32 with a 10-ft overhead door. The building has large signage out front. There are water wells for all buildings; attached are plans to show the layout of the spaces.
Two tenants occupy the front building. Tenant one is a bagel company occupying 1,655 sq. Ft. Board health approval, front entry with porch and 7ft overhang. New 2018 air conditioner/heat, Exhaust added 2020, fire suppression system, walk-in refrigerator, grease trap 2024, fenced-in dumpster area, and much more.
The second tenant is a dog groomer occupying approximately 1600 sq—ft. Renovated in 2005, it includes a water filter, grooming area, laundry room, and retail section.
The middle building was occupied for years by a dentist. In the 2021 handicap ramp, a hair studio with a 24x33.5 full basement, balcony doors, and a redone interior was constructed.
The third building is a butler’s with a drive-thru door, open space, electric door, pad dumpster, six-inch concrete floor, and 100 amp. The owner had used it for storage. There are currently two leases for two of the four spaces.
Building one has two tenants and is 48 x 34.2. basement, there are two furnaces with two 275-gallon tanks. There is Ample Parking on the property. Building two is one tenant-occupied and is 24.3 x 33.5. Building 3 Griffin is 34 x 32 with a 10-ft overhead door. The building has large signage out front. There are water wells for all buildings; attached are plans to show the layout of the spaces.
Two tenants occupy the front building. Tenant one is a bagel company occupying 1,655 sq. Ft. Board health approval, front entry with porch and 7ft overhang. New 2018 air conditioner/heat, Exhaust added 2020, fire suppression system, walk-in refrigerator, grease trap 2024, fenced-in dumpster area, and much more.
The second tenant is a dog groomer occupying approximately 1600 sq—ft. Renovated in 2005, it includes a water filter, grooming area, laundry room, and retail section.
The middle building was occupied for years by a dentist. In the 2021 handicap ramp, a hair studio with a 24x33.5 full basement, balcony doors, and a redone interior was constructed.
The third building is a butler’s with a drive-thru door, open space, electric door, pad dumpster, six-inch concrete floor, and 100 amp. The owner had used it for storage. There are currently two leases for two of the four spaces.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,630 SF
Building Class
C
Year Built
1974
Price
$3,456,250 CAD
Price Per SF
$521.30 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.42
Lot Size
0.36 AC
Zoning
B - Business District see attached list of uses
many uses under the zoning, 3 buildings, retail, office, warehouse
Parking
10 Spaces (1.51 Spaces per 1,000 SF Leased)
Frontage
60’ on west neck rd
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
Pet groomer in Shelter Island, New York.
- Analys Salon
- -
- -
- -
- -
- the eccentric bagel
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| All Dogged Up Inc | Services | - | - | - | ||
| Analys Salon | - | - | - | - | ||
| the eccentric bagel | - | - | - | - |
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
1,108
9,451
20,250
3,053
2029 Population
1,083
9,615
20,887
2,994
2024-2029 Projected Population Growth
-2.3%
1.7%
3.2%
-1.9%
Median Age
54.9
49.7
52.7
54.6
College Degree + Higher
66%
44%
47%
29%
Daytime Employees
1,083
4,418
7,488
1,518
Total Businesses
148
641
1,128
232
Average Household Income
$126,744
$123,434
$133,954
$137,062
Median Household Income
$95,081
$85,230
$94,640
$105,625
Total Consumer Spending
$19.5M
$146M
$343.2M
$54.6M
2024 Households
496
3,988
8,709
1,371
Average Home Value
$868,182
$781,692
$787,072
$851,813
$ values in USD
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0700-014-00-03-00-075-006 | Improvements Assessment | $761,399 CAD |
| Land Assessment | $163,678 CAD | Total Assessment | $925,078 CAD |
PROPERTY TAXES
Parcel Number
0700-014-00-03-00-075-006
Land Assessment
$163,678 CAD
Improvements Assessment
$761,399 CAD
Total Assessment
$925,078 CAD
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25 West Neck Rd
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