Investment/ owner user | 3120-3130 Rt-112
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Investment/ owner user 3120-3130 Rt-112
24,200 SF 100% Leased Retail Building Medford, NY 11763 $6,900,000 ($285/SF) 8.18% Cap Rate
Investment Highlights
- INDUSTRIAL 4 ACRE
- WAREHOUSE/RETAIL/OFFICE/PARKING.
Executive Summary
Total of 4 acre of commercial land on busy Rt.112, MEDFORD.
Vision Real estate is retained to offer this industrial property very close to LIE. Multiple options for usage.
The price is for combined three adjacent properties comprised of total 4 acre of lot size, which consists of 19,500 sqft warehouse on one lot of 1.65 acre and other Two properties which is one storefront and small warehouse at rear & another 2-family house sits on another 2.35 acre of lot size. Truck parking at back of property. Projected income .
Vision Real estate is retained to offer this industrial property very close to LIE. Multiple options for usage.
The price is for combined three adjacent properties comprised of total 4 acre of lot size, which consists of 19,500 sqft warehouse on one lot of 1.65 acre and other Two properties which is one storefront and small warehouse at rear & another 2-family house sits on another 2.35 acre of lot size. Truck parking at back of property. Projected income .
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$68,956
|
$2.85
|
Financial Summary (Actual - 2023)
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $68,956 |
| Annual Per SF | $2.85 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
24,200 SF
Building Class
C
Year Built
1983
Price
$6,900,000
Price Per SF
$285
Cap Rate
8.18%
NOI
$564,244
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
4.12 AC
Zoning
M1 - Light-Industrial, Retail
L-I
Parking
538 Spaces (0.5 Spaces per 1,000 SF Leased)
Frontage
401 FT on Rt-112 Rd
Amenities
- 24 Hour Access
- Bus Line
- Fenced Lot
- Security System
- Signage
- Storage Space
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0200-631-00-01-00-019-000 | Improvements Assessment | $8,780 |
| Land Assessment | $1,650 | Total Assessment | $10,430 |
PROPERTY TAXES
Parcel Number
0200-631-00-01-00-019-000
Land Assessment
$1,650
Improvements Assessment
$8,780
Total Assessment
$10,430
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Investment/ owner user | 3120-3130 Rt-112
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