508 Main Road, Aquebogue
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508 Main Road, Aquebogue
3 Office Properties Offered at $1,650,000 in Riverhead, NY
Investment Highlights
- 7-Unit Income Producing Medical/Professional Office Building- Fully Occupied
- Parking for 35 +/- Cars on 1.5 Acre Lot
- Low Taxes + Low Expenses
- Two Adjacent lots may also be made available for sale at additional cost
Executive Summary
Situated in the heart of Aquebogue on Long Island's North Fork amongst the vines of its famous Wine Country, you will find this Investment opportunity at 508 Main Road. This 7-unit complex consists of 5,338 SF on a 1.50 Acre Lot. This Prime location is situated at a traffic-lit intersection located less than 3 miles from the Peconic Bay Medical Center, a community hospital with access to bustling Downtown Riverhead, and all of its amenities, and national retailers. Ample parking for +/- 35 Vehicles. Ideal Investment Property!
Data Room Click Here to Access
- Offering Memorandum
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $1,650,000 | Status | Active |
| Price / SF | $199.54 / SF | Number of Properties | 3 |
| Sale Conditions | Redevelopment Project | Individually For Sale | 0 |
| Cap Rate | 7.84% | Total Building Size | 8,269 SF |
| Sale Type | Investment | Total Land Area | 2.80 AC |
| Price | $1,650,000 |
| Price / SF | $199.54 / SF |
| Sale Conditions | Redevelopment Project |
| Cap Rate | 7.84% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 8,269 SF |
| Total Land Area | 2.80 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bldg 3
508 Main Rd, Riverhead, NY 11901 |
Office | 5,455 SF | 1974 | - |
|
Bldg 2
508 Main Rd, Riverhead, NY 11901 |
Office | 1,328 SF | 1974 | - |
|
Bldg 1
508 Main Rd, Riverhead, NY 11901 |
Office | 1,486 SF | 1974 | - |
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508 Main Road, Aquebogue
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