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324 E Main St 5,720 SF 100% Leased Retail Building Smithtown, NY 11787 $3,233,249 CAD ($565.25 CAD/SF) 7.87% Cap Rate



Executive Summary
Berkshire Hathaway Commercial Services is pleased to present a premier investment and owner-user opportunity located at 324 E Main Street in Smithtown. Currently home to Smithtown Auto Works and Enterprise Rent A-Car, this 5,720 SF property is situated in a high-traffic area on Route 25A, offering exceptional visibility as well as 33 dedicated parking spots.
The building features two distinct functional spaces. The first is a turnkey auto repair shop with four bays with three 10ft x 10ft doors and one 12ft x 10ft door, and 12ft ceilings. That space will be delivered vacant, making it an ideal setup for an operator looking to establish or expand their business. The second space is occupied by Enterprise Rent-A-Car, a reliable tenant since 2007 that provides steady, ongoing rental income.
This property benefits from a prime location on Route 25A, providing high visibility within walking distance to the Village of Smithtown and in close proximity to several major automotive dealerships. The building is in good condition and offers significant value-add potential with minor updates and is also on sewer.
This is an excellent opportunity for a business owner-operator or an investor
looking for a versatile asset in a sought-after location.
Please give me a call if you would like to schedule a viewing or if I can provide
further details regarding this property
The building features two distinct functional spaces. The first is a turnkey auto repair shop with four bays with three 10ft x 10ft doors and one 12ft x 10ft door, and 12ft ceilings. That space will be delivered vacant, making it an ideal setup for an operator looking to establish or expand their business. The second space is occupied by Enterprise Rent-A-Car, a reliable tenant since 2007 that provides steady, ongoing rental income.
This property benefits from a prime location on Route 25A, providing high visibility within walking distance to the Village of Smithtown and in close proximity to several major automotive dealerships. The building is in good condition and offers significant value-add potential with minor updates and is also on sewer.
This is an excellent opportunity for a business owner-operator or an investor
looking for a versatile asset in a sought-after location.
Please give me a call if you would like to schedule a viewing or if I can provide
further details regarding this property
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,720 SF
Building Class
C
Year Built
1975
Price
$3,233,249 CAD
Price Per SF
$565.25 CAD
Cap Rate
7.87%
NOI
$254,457 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
0.85 AC
Zoning
WSI
Parking
33 Spaces (5.77 Spaces per 1,000 SF Leased)
Frontage
123’ on Main St
Amenities
- Signage
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0800-106-00-04-00-004-001 | Improvements Assessment | $14,597 CAD |
| Land Assessment | $2,251 CAD | Total Assessment | $16,848 CAD |
Property Taxes
Parcel Number
0800-106-00-04-00-004-001
Land Assessment
$2,251 CAD
Improvements Assessment
$14,597 CAD
Total Assessment
$16,848 CAD
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324 E Main St
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