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3021-3023 Jericho Tpke 9,520 SF 68% Leased Retail Building East Northport, NY 11731 $2,740,399 CAD ($287.86 CAD/SF) 6.11% Cap Rate
Investment Highlights
- For Sale: Retail Building on Jericho Tpke
- One Vacancy - Great Lease-Up Opportunity
- Strong Traffic Counts: +/- 37,000 VPD
- 3021B Has Additional 2,200 SF Mezzanine Space
- Surrounded by Other Retail Amenities
- 1/4 Mile From Huntington Mall & Home Depot
Executive Summary
American Investment Properties is retained to sell the property at 3021-3023 Jericho Turnpike, East Northport, New York. At this location is a retail strip center that has an additional 2,200 SF of mezzanine storage space. There is currently one vacancy at the property which provides for a great lease-up opportunity.
The property sits on the busy Jericho Turnpike which sees over 37,000 vehicles per day. It's a quarter mile from Huntington Mall, Home Depot, and surrounded by other neighborhood amenities.
The property sits on the busy Jericho Turnpike which sees over 37,000 vehicles per day. It's a quarter mile from Huntington Mall, Home Depot, and surrounded by other neighborhood amenities.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
9,520 SF
Building Class
C
Year Built
1979
Price
$2,740,399 CAD
Price Per SF
$287.86 CAD
Cap Rate
6.11%
NOI
$167,533 CAD
Percent Leased
68%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.71 AC
Zoning
C6
Parking
32 Spaces (0 Spaces per 1,000 SF Leased)
Amenities
- Mezzanine
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 0400-217-00-02-00-086-000 | Improvements Assessment | $7,662 CAD |
| Land Assessment | $6,705 CAD | Total Assessment | $14,367 CAD |
Property Taxes
Parcel Number
0400-217-00-02-00-086-000
Land Assessment
$6,705 CAD
Improvements Assessment
$7,662 CAD
Total Assessment
$14,367 CAD
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3021-3023 Jericho Tpke
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