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422-426 Great East Neck Rd

25,796 SF 20% Leased Industrial Building West Babylon, NY 11704 For Sale

Investment Highlights

  • Seller to Execute a 9-month Partial Leaseback of 18,798 SF at Sale!
  • 14,480 SF Cold Storage Infrastructure
  • Ample Parking
  • USDA Food Processing Facility
  • Separately Metered Gas and Electric
  • Prime Opportunity for Users and Investors

Executive Summary

CALL FOR BIDS: THURSDAY, SEPTEMBER 5, 2024
Please be advised that bids for 422-426 Great East Neck Road are due Thursday, September 5, 2024 via email to the exclusive brokers.
As exclusive agent, Cushman & Wakefield is pleased to offer a 100% fee interest in 422-426 Great East Neck Road, West Babylon, for sale. The offering includes a mixed-use of industrial & retail totaling +/-25,764 square feet on +/-1.81 acres, featuring existing refrigeration space, owned and occupied by Casanova Meats since 2016. Upon completion of a sale, the seller will execute a partial leaseback of approximately 18,798 SF at $12.76 PSF gross for nine (9) months. The offering is ideally positioned for an end-user / investor with potential to occupy a portion of the building, while collecting rental income from the existing tenants. Suffolk County industrial rents have increased more than 75% over the past 5 years, and industrial vacancy in western Suffolk at 3.00% is the lowest recorded sub-market within Long Island. 422-426 Great East Neck Road is ideally situated in Western Suffolk County with immediate access to Route 109, easily accessible to Route 110, Wellwood Avenue, Long Island Expressway (Exit 49), as well as Sunrise Highway (Route 27).

Property Facts

Sale Type Investment or Owner User
Sale Conditions Sale Leaseback
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Storefront
  • Industrial Food Processing
  • Industrial Refrigeration ColdStorage
Building Class B
Lot Size 1.81 AC
Rentable Building Area 25,796 SF
No. Stories 1
Year Built 2000
Parking Ratio 2.25/1,000 SF
Clear Ceiling Height 16 FT
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 3

Amenities

  • Yard

Utilities

  • Heating - Gas

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • Ground
  • 936 SF
  • Retail
  • Full Build-Out
  • Now
  • Ground
  • 936 SF
  • Retail
  • Full Build-Out
  • Now
  • Ground
  • 18,872 SF
  • Industrial
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
Ground 936 SF Retail Full Build-Out Now
Ground 936 SF Retail Full Build-Out Now
Ground 18,872 SF Industrial Full Build-Out Now

Ground

Size
936 SF
Space Use
Retail
Condition
Full Build-Out
Available
Now

Ground

Size
936 SF
Space Use
Retail
Condition
Full Build-Out
Available
Now

Ground

Size
18,872 SF
Space Use
Industrial
Condition
Full Build-Out
Available
Now
Walk Score ®
Very Walkable (71)
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.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0100-216-00-01-00-047-000
Land Assessment
$2,310
Improvements Assessment
$10,770
Total Assessment
$13,080

zoning

Zoning Code Business E / A (Business Zoning District)
Business E / A (Business Zoning District)
  • Listing ID: 32580393

  • Date on Market: 7/25/2024

  • Last Updated:

  • Address: 422-426 Great East Neck Rd, West Babylon, NY 11704

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