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29557390
29557389

35 W Main St, Smithtown, NY 11787 For Sale

RK
NY 31K00933350
American Investment Properties
Listed by American Investment Properties
$1,350,000
165 days on market
Updated 66 days ago

Retail & Office Building in Smithtown, NY

Details
APN 0800-077-00-04-00-032-000
Property Type Office, Retail
Sub Type Storefront, Traditional Office
Square Footage 5,200
Cap Rate 5.39%
NOI $72,820
Occupancy 75%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Lease Options (1) 3-Year Option
Pro-Forma Cap Rate 6.61%
Pro-Forma NOI $89,236
Price per SqFt $260
Broker Co-Op Yes
Class C
Year Built 1950
Year Renovated 2023
Buildings 1
Stories 2
Lot Size (SqFt) 2,614
Zoning Commercial
Investment Type Value Add
Ownership Fee Simple

Great Property with a Lease-Up Opportunities

Marketing description

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.

Investment highlights

• For Sale: Mixed-Use Building in Smithtown, NY

• Consisting of (1) Retail Space on the Ground Floor & (3) Office Spaces on the 2nd Floor

• Newly Renovated in 2023

• Within Walking Distance to the Smithtown LIRR Train Station

• Surrounded by Various Other Retail Spaces on W Main St

• W Main St Receives High Daily Traffic Counts of 32,656 Cars Per Day

• Municipal Parking Lot is Located One Block Away in Addition to Street Parking

Listing Contacts

RK
NY 31K00933350
American Investment Properties
Listed by American Investment Properties

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$72,820.00
$6,068.33/mo

Valuation Metrics

0
DSCR
5.39%
Cap Rate
5.39%
ROI

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Property History

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