1829 & 1831 Route 112, Medford, NY
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1829 & 1831 Route 112, Medford, NY
2 Retail Properties Offered at $3,000,000 in Medford, NY
Investment Highlights
- Minimal landlord management
- Ground lessor subleases to 4-5 smaller tenants
- Traffic light
- Both tenants have landlord termination clauses for any potential redevelopment
- Northeast Corner of Route 112 & Southaven Ave
- Both tenants have annual rent increases built into their leases
Executive Summary
2.5 acres on a hard corner at a traffic light leased to Avis Car Rental & a Ground Lease. Ideal covered land play with an established income and upside for future redevelopment.
Property Facts
| Price | $3,000,000 | Number of Properties | 2 |
| Price / SF | $1,124 / SF | Individually For Sale | 0 |
| Cap Rate | 6% | Total Building Size | 2,670 SF |
| Sale Type | Investment | Total Land Area | 2.16 AC |
| Status | Active |
| Price | $3,000,000 |
| Price / SF | $1,124 / SF |
| Cap Rate | 6% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 2,670 SF |
| Total Land Area | 2.16 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1831 Rt-112, Medford, NY 11763 | Retail | 2,070 SF | 1971 | - |
| 1829 Rt-112, Medford, NY 11763 | Retail | 600 SF | - | - |
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1829 & 1831 Route 112, Medford, NY
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