Prime 2 Stores Corner Commercial Building At Busiest Location - 496 Main St - Islip - New York - 11751 - MarketPier

Prime 2 Stores Corner Commercial Building At Busiest Location

496 Main St - Islip, New York 11751
$1,800,000
Listing Description

The building is situated on the corner lot with 54’ of frontage on Main St, great location with easy access on Montauk Highway, easy egress, heavily traveled access road. The subject property is fully occupied by a YELP highly rated restaurant. 4,500 SF restaurant on main floor and 4,500 SF office on the second floor. 12 surface parking spaces at the rare. The restaurant is currently NNN lease for 162,000 per year, 3% increase yearly, 12 years lease left, owner only pays $42,000 property tax per year. The CAP asking is 6.67%.

Listing Information
Type
Retail
Building Size
9,000 sqft
Lot Size
0 sqft
Price / SQFT
$200
Listing Date
3/8/2019
Days Active
72
Last Updated
3/8/2019
Listing Provided By
Barbie Li
B Square Realty

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Barbie Li
Listing Agent
barbieli@bsquarerealty.com
MarketPier
Buyer Agent
dhaas@haasdevelopment.com
858-215-4245