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136 Main St Greenport NY 11944 136-138 Main St

6,984 SF 69% Leased Retail Building Greenport, NY 11944 $2,600,000 ($372/SF) 4.77% Cap Rate

Investment Highlights

  • Long Term Investment Hold
  • Prominent Sea Side Location with Panoramic views of the bay
  • Opportunity to Acquire a Mixed Use Architectural Gem in the Heart of Town
  • 100% Leased Retail and Apartments

Executive Summary

This is a prime investment opportunity in the heart of downtown Greenport - a hamlet on Long Island, New York. This mixed-use building, situated at 136 Main Street in Greenport, Suffolk County, New York, spans three stories and comprises four residential units. With a gross square footage of 6,984, the building includes 2,200 square feet of ground floor retail space and four residential units. A comprehensive gut renovation took place between 2018 and 2019, culminating in the issuance of a final Certificate of Occupancy in August 2019.
Centrally located in the thriving Town of Greenport, the property enjoys high foot traffic along Main Street and proximity to Greenport Harbor, the Greenport LIRR train station, the Antique Carousel, and the East End Seaport Museum. Additionally, the property benefits from its close proximity to six hotels within a mile radius, offering excellent visibility and accessibility for various retail uses. The residential apartments further enhance the property’s appeal, being conveniently located near golf courses, beaches, parks, and a winery, all reachable within a 15-minute drive.
This is an outstanding Value-Add play for next operator!

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,984 SF
Building Class
C
Year Built
1920
Price
$2,600,000
Price Per SF
$372
Cap Rate
4.77%
NOI
$124,000
Percent Leased
69%
Tenancy
Multiple
Building Height
3 Stories
Loading Docks
1 Exterior
Building FAR
1.34
Lot Size
0.12 AC
Zoning
Retail/Residential - FIRST FLOOR COMMERCIAL RETAIL SECOND FLOOR RESIDENTIAL APARTMENTS THIRD FLOOR FINISHED STORAGE
Frontage
24 FT on Main St

Amenities

  • 24 Hour Access
  • Bus Line
  • Signage
  • Tenant Controlled HVAC
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

Back in 1988, founders Tim and Jules were enjoying life on the slopes, but money was running out, so they hatched a plan; print some sweatshirts and t-shirts, sell them at night, and ski during the day. Inspired by the name of the black mountain ski run in Val d’Isère, La Face, FatFace was born. FatFace clothing is carefully crafted to live life in, to embark on everyday adventures that make customers smile. The world around them inspires their considered British style. They're constantly working on making the most sustainable choices for their product, their planet and their community. Although it's an ongoing journey, their latest collection is their most eco-friendly yet.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Retailer - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • Entire Fl
  • 2,200 SF
  • Retail
  • In-Line
  • Now

Asking Rent - $ 6,200 per month Prime retail space on the Main St (the High St) in the heart of vibrant downtown Greenport - Long Island, New York (NY). Previously occupied by a internationally branded retailer which will leave behind fixtures and more.

Space Size Space Use Position Available
Entire Fl 2,200 SF Retail In-Line Now

Entire Fl

Size
2,200 SF
Space Use
Retail
Position
In-Line
Available
Now

Entire Fl

Size 2,200 SF
Space Use Retail
Position In-Line
Available Now

Asking Rent - $ 6,200 per month Prime retail space on the Main St (the High St) in the heart of vibrant downtown Greenport - Long Island, New York (NY). Previously occupied by a internationally branded retailer which will leave behind fixtures and more.

Walk Score ®
Very Walkable (72)
Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

IGA Greenport
Chase Bank
Dime Community Bank
  • Listing ID: 33237727

  • Date on Market: 3/8/2023

  • Last Updated:

  • Address: 136-138 Main St, Greenport, NY 11944

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