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$ 7,100,000
Est. payment /mo
Price Dropped by $250K
863 Montauk HWY Shirley, NY 11967
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 951218
Rental Info No
Annual Tax Amount $40,307
Property Sub-Type Retail
Source onekey2
Property Description
Calling All Investors, Developers & End-Users!!! MINT 10,000+ Sqft. Retail Building With NNN National Tenant On Montauk Hwy. For Sale!!! The Property Features Excellent Signage, Great Exposure, Long Term Lease, J2 Zoning, 58 Parking Spaces, High 20' Ceilings, Sprinklers, Drive-Thru, 3 Phase Power, 2 Strategically Placed Curb Cuts, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Shirley On Busy Montauk Hwy. Road Just 1 Block From William Floyd Pkwy.!!! Neighbors Include Starbucks, The Home Depot, USPS, UPS, Stop & Shop, Ulta Beauty, Kohl's, Marshalls, Dunkin', Kay Jewelers, CVS, Applebee's Bar & Grill, King Kullen, McDonald's, Taco Bell, Wendy's, Sonic, Enterprise Rent-A-Car, Aldi, Lidl, Dollar Tree, STS Tire, Jersey Mike's Subs, Carvel, KFC, +++!!! The Property Has 287' Of Frontage On Montauk Hwy. + 177' Of Frontage On Grand Ave.!!! The Property Has A Daily Traffic Count Of 42,000+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Walgreens: $505,000 NNN Ann.; Flat Rent; Lease Exp.: 2036.
Gross Income: $505,000 Ann.
Expenses:
Oil: $0 (NNN Lease)
Electric: $0 (NNN Lease)
Water: $0 (NNN Lease)
Maintenance & Repairs: $0 (NNN Lease)
Insurance: $0 (NNN Lease)
Taxes: $0 (NNN Lease)
Total Expenses: $0 (NNN Lease)
Net Operating Income (NOI): $505,000 Ann. (6.87% Cap!!!)
Income:
Walgreens: $505,000 NNN Ann.; Flat Rent; Lease Exp.: 2036.
Gross Income: $505,000 Ann.
Expenses:
Oil: $0 (NNN Lease)
Electric: $0 (NNN Lease)
Water: $0 (NNN Lease)
Maintenance & Repairs: $0 (NNN Lease)
Insurance: $0 (NNN Lease)
Taxes: $0 (NNN Lease)
Total Expenses: $0 (NNN Lease)
Net Operating Income (NOI): $505,000 Ann. (6.87% Cap!!!)
Location
State NY
County Suffolk County
Rooms
Basement None
Interior
Heating See Remarks
Cooling Central Air
Fireplace No
Exterior
Utilities Available See Remarks
Building
Foundation Other
Sewer Other
Water Public
Structure Type Other
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • Richard Matt Shane
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