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35 W Main St 5,200 SF 75% Leased Retail Building Smithtown, NY 11787 $1,919,624 CAD ($369.16 CAD/SF) 6.37% Cap Rate
Investment Highlights
- For Sale: Mixed-Use Building in Smithtown, NY
- Newly Renovated in 2023
- Surrounded by Various Other Retail Spaces on W Main St
- Consisting of (1) Retail Space on the Ground Floor & (3) Office Spaces on the 2nd Floor
- Within Walking Distance to the Smithtown LIRR Train Station
- Municipal Parking Lot is Located One Block Away in Addition to Street Parking
Executive Summary
American Investment Properties is retained to sell 35 W Main St, Smithtown, NY. At this location is a retail and office building consisting of (1) retail space on the ground floor and (3) office spaces on the second floor. This building was newly renovated in 2023 and is located within walking distance to the Smithtown LIRR train station.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
5,200 SF
Building Class
C
Year Built/Renovated
1950/2023
Price
$1,919,624 CAD
Price Per SF
$369.16 CAD
Cap Rate
6.37%
NOI
$122,357 CAD
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
1.99
Lot Size
0.06 AC
Zoning
Commercial
Frontage
Amenities
- Corner Lot
Walk Score®
Very Walkable (79)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0800-077-00-04-00-032-000 | Improvements Assessment | $2,462 CAD |
| Land Assessment | $5,902 CAD | Total Assessment | $8,363 CAD |
Property Taxes
Parcel Number
0800-077-00-04-00-032-000
Land Assessment
$5,902 CAD
Improvements Assessment
$2,462 CAD
Total Assessment
$8,363 CAD
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