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3021-3023 Jericho Tpke
East Northport, NY 11731
Retail Property For Sale
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.
Property Facts Under Contract
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
9,520 SF
Building Class
C
Year Built
1979
Price
$2,735,679 CAD
Price Per SF
$287.36 CAD
Cap Rate
6.11%
NOI
$167,244 CAD
Percent Leased
68%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.71 AC
Zoning
C6
Parking
32 Spaces (3.36 Spaces per 1,000 SF Leased)
Amenities
- Mezzanine
- Signage
Property Taxes
| Parcel Number | 0400-217-00-02-00-086-000 | Improvements Assessment | $7,714 CAD |
| Land Assessment | $6,750 CAD | Total Assessment | $14,464 CAD |
Property Taxes
Parcel Number
0400-217-00-02-00-086-000
Land Assessment
$6,750 CAD
Improvements Assessment
$7,714 CAD
Total Assessment
$14,464 CAD
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