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56-66 Echo Ave 11,440 SF 75% Leased Retail Building Miller Place, NY 11764 $8,116,514 CAD ($709.49 CAD/SF) 6% Cap Rate
Investment Highlights
- This shopping center has a variety of tenants including a pizzeria, pharmacy, music store, and dry cleaner.
Executive Summary
One story building with 7 units and one stand alone building with one unit. Only one vacancy.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
11,440 SF
Building Class
C
Year Built
1980
Price
$8,116,514 CAD
Price Per SF
$709.49 CAD
Cap Rate
6%
NOI
$486,876 CAD
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.27 AC
Zoning
BD - Business District
Parking
59 Spaces (6.21 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Drive Thru
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Former musical theater space. Call owner for rental rate.
Inline, retail, former home restoration business. Call owner for rental rate.
| Space | Size | Space Use | Position | Available |
| 62-1 | 1,476 SF | Retail | In-Line | Now |
| 74 | 1,363 SF | Retail | In-Line | Now |
62-1
| Size |
| 1,476 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
74
| Size |
| 1,363 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
62-1
| Size | 1,476 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Former musical theater space. Call owner for rental rate.
74
| Size | 1,363 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Inline, retail, former home restoration business. Call owner for rental rate.
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $12,535 CAD (2024) | |
| Land Assessment | $5,486 CAD (2024) | Total Assessment | $18,020 CAD (2024) |
Property Taxes
Parcel Numbers
Land Assessment
$5,486 CAD (2024)
Improvements Assessment
$12,535 CAD (2024)
Total Assessment
$18,020 CAD (2024)
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56-66 Echo Ave
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