1702 Middle Country Rd
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1702 Middle Country Rd
8,216 SF 100% Leased Retail Building Centereach, NY 11720 $1,975,000 ($240/SF) 10.31% Cap Rate
Investment Highlights
- Located on a signalized intersection, offering unrivaled exposure to over 39,000 daily vehicles on Middle Country rd Centereach
- In a densely populated area with an annual household income of $114,955, ideal for businesses seeking to capitalize on high disposable incomes.
Executive Summary
Tower Real Estate Commercial is pleased to offer for sale 1702 Middle Country Road, Centereach NY. This 8,216 SF building with additional full LL of approximately 5,500 SF -/+ is located in the heart of Centereach with great visibility on high traffic route 25, 1/4 west of major highway 97.
Value-added Great opportunity for an investor or an Owner user. Full renovated Restaurant turn key of 3,000 SF
Several national retail brands operate in very close proximity to the property.
For more information, please contact Zane Radwan at Cell: 516-924-4055 - Email: zane@towereny.com
The following are permitted uses. for J2 Zone
A. Art galleries.
B. Assembly and social recreation hall.
C. Automobile parking field.
D. Bank with or without accessory drive-through facility.
E. Bar, tavern or pub.
F. Billiard hall.
G. Bowling alley.
H. Catering hall.
I. College or university, excluding dormitories and other college, university, or school residential facilities.
J. Commercial center.
K. Day-care facility.
L. Delicatessen.
M. Dog/pet day care.
N. Dry cleaners.
O. Exhibit halls.
P. Health club.
Q. Indoor recreation.
R. Laundromats.
S. Live performance and community theater.
T. Lodge.
U. Movie theater, community.
V. Museum.
W. Non-degree-granting instruction/program, except those associated with manufacturing or driver training.
X. Nursery/garden center.
Y. Office.
Z. Personal service shops.
AA. Pharmacy with or without accessory drive-through facility.
BB. Places of worship, parish house, or rectory.
CC. Public, private school or parochial school with or without dormitory facilities.
DD. Restaurant.
EE. Retail sales establishment.
FF. Shops and stores for the sale at retail of consumer merchandise and services.
GG. Shops for custom work and for making articles to be sold at retail on the premises.
HH. Take-out restaurant.
II. Undertaking establishments.
JJ. Veterinary hospital, provided that all activities take place within the building.
Value-added Great opportunity for an investor or an Owner user. Full renovated Restaurant turn key of 3,000 SF
Several national retail brands operate in very close proximity to the property.
For more information, please contact Zane Radwan at Cell: 516-924-4055 - Email: zane@towereny.com
The following are permitted uses. for J2 Zone
A. Art galleries.
B. Assembly and social recreation hall.
C. Automobile parking field.
D. Bank with or without accessory drive-through facility.
E. Bar, tavern or pub.
F. Billiard hall.
G. Bowling alley.
H. Catering hall.
I. College or university, excluding dormitories and other college, university, or school residential facilities.
J. Commercial center.
K. Day-care facility.
L. Delicatessen.
M. Dog/pet day care.
N. Dry cleaners.
O. Exhibit halls.
P. Health club.
Q. Indoor recreation.
R. Laundromats.
S. Live performance and community theater.
T. Lodge.
U. Movie theater, community.
V. Museum.
W. Non-degree-granting instruction/program, except those associated with manufacturing or driver training.
X. Nursery/garden center.
Y. Office.
Z. Personal service shops.
AA. Pharmacy with or without accessory drive-through facility.
BB. Places of worship, parish house, or rectory.
CC. Public, private school or parochial school with or without dormitory facilities.
DD. Restaurant.
EE. Retail sales establishment.
FF. Shops and stores for the sale at retail of consumer merchandise and services.
GG. Shops for custom work and for making articles to be sold at retail on the premises.
HH. Take-out restaurant.
II. Undertaking establishments.
JJ. Veterinary hospital, provided that all activities take place within the building.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,216 SF
Building Class
C
Year Built/Renovated
1960/2011
Price
$1,975,000
Price Per SF
$240
Cap Rate
10.31%
NOI
$203,623
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Land Acres
1.81 AC
Zoning
Commercial - J2 ZONE
The following are permitted uses. for J2 Zone
A. Art galleries.
B. Assembly and social recreation hall.
C. Automobile parking field.
D. Bank
Parking
104 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
110 FT on Middle Country Rd
Amenities
- 24 Hour Access
- Bus Line
- Energy Performance Rating - A
- Air Conditioning
PROPERTY TAXES
Parcel Number | 0200-488-00-03-00-004-000 | Improvements Assessment | $6,350 |
Land Assessment | $2,950 | Total Assessment | $9,300 |
PROPERTY TAXES
Parcel Number
0200-488-00-03-00-004-000
Land Assessment
$2,950
Improvements Assessment
$6,350
Total Assessment
$9,300
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1702 Middle Country Rd
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