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Middle Island Plaza 846-900 Middle Country Rd, Middle Island 86,118 SF 75% Leased Retail Building Middle Island, NY 11953 $24,374,700 CAD ($283.04 CAD/SF) 6.45% Cap Rate
Investment Highlights
- For Sale: Middle Island Plaza Retail Center
- 3,500 SF Drive-thru Pad Site is Available and Approved to be Built on the Property
- 772 ft of Frontage on Middle Country Rd
- Consisting of Several Retail Tenants - Majority on Long-Term Leases
- Most Tenants have Options to Extend
- Ample On-Site Parking with 380 Spaces
Executive Summary
American Investment Properties is retained to sell the property located at 846-900 Middle Country Rd, Middle Island. At this location is a large retail neighborhood center consisting of several tenants. Most tenants are on long-term leases with options to extend. There are currently 2 vacant spaces that provide for great lease-up opportunities. This property has vast frontage on Middle Country Rd and ample on-site parking for the convenience of shoppers.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
86,118 SF
Building Class
B
Year Built
1983
Price
$24,374,700 CAD
Price Per SF
$283.04 CAD
Cap Rate
6.45%
NOI
$1,571,412 CAD
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.15
Lot Size
13.00 AC
Zoning
Commercial
Parking
380 Spaces (4.41 Spaces per 1,000 SF Leased)
Frontage
772’ on Middle Country Rd
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Ancien magasin Rite Aid de Middle Island disponible à la location. Cet espace de 15 000 pieds carrés est disponible pour une location immédiate. L'espace comprend une baie de chargement, deux salles de bain et un grand plan d'étage ouvert.
| Space | Size | Space Use | Position | Available |
| 864 | 15,000 SF | Retail | In-Line | Now |
864
| Size |
| 15,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
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864
| Size | 15,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Ancien magasin Rite Aid de Middle Island disponible à la location. Cet espace de 15 000 pieds carrés est disponible pour une location immédiate. L'espace comprend une baie de chargement, deux salles de bain et un grand plan d'étage ouvert.
Fairly walkable
40/100
Very drivable
80/100
Minimal public transit
10/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0200-403-00-02-00-002-001 | Improvements Assessment | $67,460 CAD |
| Land Assessment | $10,985 CAD | Total Assessment | $78,445 CAD |
Property Taxes
Parcel Number
0200-403-00-02-00-002-001
Land Assessment
$10,985 CAD
Improvements Assessment
$67,460 CAD
Total Assessment
$78,445 CAD
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Middle Island Plaza | 846-900 Middle Country Rd, Middle Island
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