State Street Plaza 1200 E Jericho Tpke
10,476 SF 80% Leased Retail Building Huntington, NY 11743 $5,200,000 ($496.37/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; Majority have 3% Annual Increases in Rent
- 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.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
10,476 SF
Building Class
B
Year Built
1960
Price
$5,200,000
Price Per SF
$496.37
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
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Former Hit Club - Fitness Space
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 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0400-208-00-02-00-019-002 | Improvements Assessment | $7,250 |
| Land Assessment | $4,750 | Total Assessment | $12,000 |
