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4481-4517 Sunrise Hwy

18,847 SF 100% Leased Retail Building Bohemia, NY 11716 $3,600,000 ($191/SF) 9.40% Cap Rate

Investment Highlights

  • Great investment opportunity.
  • Ample parking.

Executive Summary

Pliskin Realty and Development is pleased to offer for sale a one-story retail strip center located in Bohemia New York. Located on the westbound side of Sunrise Highway, this 19,000SF retail building consists of 8 retail units and over 475 feet of frontage on Sunrise Highway! With a westbound ADT count of 76,320, this retail strip offers incredible exposure and visibility. The property offers some on-site parking, plenty of street parking and, a potential for additional on-site parking. With about 55% currently occupied, this
opportunity offers a great potential for the right investor.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
18,847 SF
Building Class
B
Year Built
1981
Price
$3,600,000
Price Per SF
$191
Cap Rate
9.40%
NOI
$338,400
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.47
Land Acres
0.92 AC
Zoning
BUS 1 - Commercial
Parking
48 Spaces (2.55 Spaces per 1,000 SF Leased)
Frontage
386 FT on Sunrise Hwy

Amenities

  • 24 Hour Access
  • Bus Line
  • Commuter Rail
  • Corner Lot
  • Dedicated Turn Lane
  • Freeway Visibility
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Storage Space
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0500-278-00-01-00-022-001
Land Assessment
$169,500
Improvements Assessment
$5,500
Total Assessment
$175,000
  • Listing ID: 34135711

  • Date on Market: 12/9/2024

  • Last Updated:

  • Address: 4481-4517 Sunrise Hwy, Bohemia, NY 11716

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