Listed by American Investment Properties
$3,199,999
Storefront Retail Building in Ronkonkoma, NY
Details
APN 0200-689-00-01-00-007-000
Property Type Retail
Sub Type Storefront
Square Footage 12,476
Units 6
Cap Rate 6.7%
NOI $214,514
Occupancy 66%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 10.04%
Pro-Forma NOI $321,314
Price per SqFt $256
Broker Co-Op Yes
Class C
Year Built 1950
Buildings 1
Stories 1
Lot Size (SqFt) 16,117
Zoning Commercial
Parking Spaces 70 spaces
Parking Per SqFt 5.61
Ground Lease No
Ownership Fee Simple
Great Property with Lease-Up Opportunities
Marketing description
American Investment Properties is retained to sell the property located at 419-437 Hawkins Ave, Ronkonkoma, NY. At this location is a storefront retail strip with several tenants. There are currently two vacancies which provides for great lease-up opportunities. This property is surrounded by various other neighborhood retail spaces and is located a short distance from the Long Island Expy and the Ronkonkoma LIRR train station.
Investment highlights
• For Sale: Storefront Retail Strip in Ronkonkoma, NY
• Two Vacancies - Provides for Great Lease-Up Opportunities
• Located Close to Portion Rd and Several Other Neighborhood Retail Spaces
• Located 1.4 Miles from the Ronkonkoma LIRR Train Station
• The 51, 52A, and 52B Bus Lines Run Directly in Front of the
Listing Contacts
Listed by American Investment Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$214,514.00
$17,876.17/mo
Valuation Metrics
0
DSCR
6.7%
Cap Rate
6.7%
ROI
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