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State Street Plaza 1200 E Jericho Tpke

10,476 SF 80% Leased Retail Building Huntington, NY 11743 $5,200,000 ($496/SF) 6.77% Cap Rate

INVESTMENT HIGHLIGHTS

  • Fully-Occupied 10 Unit Retail Neighborhood Center
  • Ample Parking to Accommodate Customers
  • Close Proximity From The Northern State Parkway
  • Handful of Long Term Tenants & 5+ Year Leases
  • High Traffic Counts: Over 33,800 VPD
  • Near Other Bustling Neighborhood Amenities

EXECUTIVE SUMMARY

At this location you'll find a 10-unit retail strip center. Also known as State Street Plaza, this property is a neighborhood staple, providing many services for local residents. This property is currently fully-occupied. State Street Plaza consists of about 50 parking spaces with one curb cut serving as an entrance/exit. This property is in a prime location. In addition to being on the busy Jericho Turnpike where over 33,800 cars drive by each day, it's only 5 minutes off the Northern State Parkway. Neighborhood amenities surround this property. Nearby you'll find car dealerships, restaurants, gas stations, and a Stop & Shop.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Storefront
Building Size
10,476 SF
Building Class
B
Year Built
1960
Price
$5,200,000
Price Per SF
$496
Cap Rate
6.77%
NOI
$352,299
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.00 AC
Zoning
C6
Parking
50 Spaces (4.77 Spaces per 1,000 SF Leased)
Frontage
195 FT on Jericho Tpke

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 1,030 SF
  • Retail
  • In-Line
  • Now

Former Hit Club - Fitness Space

  • Suite 6
  • 1,030 SF
  • Retail
  • In-Line
  • Now

Located right on the busy Jericho Turnpike in Huntington- 1,030SF available for lease. Abundant parking for customer convenience. Pylon signage available with great exposure and visibility. ADA Bathrooms existing. Call or email Marissa Cosentino of Scout Realty Group LLC for details - 631.466.2693 // marissacosentino@outlook.com

Space Size Space Use Position Available
1st Floor 1,030 SF Retail In-Line Now
Suite 6 1,030 SF Retail In-Line Now

1st Floor

Size
1,030 SF
Space Use
Retail
Position
In-Line
Available
Now

Suite 6

Size
1,030 SF
Space Use
Retail
Position
In-Line
Available
Now

1st Floor

Size 1,030 SF
Space Use Retail
Position In-Line
Available Now

Former Hit Club - Fitness Space

Suite 6

Size 1,030 SF
Space Use Retail
Position In-Line
Available Now

Located right on the busy Jericho Turnpike in Huntington- 1,030SF available for lease. Abundant parking for customer convenience. Pylon signage available with great exposure and visibility. ADA Bathrooms existing. Call or email Marissa Cosentino of Scout Realty Group LLC for details - 631.466.2693 // marissacosentino@outlook.com

NEARBY MAJOR RETAILERS

Webster Bank
Stop & Shop
Chase Bank
TD Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0400-208-00-02-00-019-002
Land Assessment
$4,750
Improvements Assessment
$7,250
Total Assessment
$12,000
  • Listing ID: 34490087

  • Date on Market: 12/4/2024

  • Last Updated:

  • Address: 1200 E Jericho Tpke, Huntington, NY 11743

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