88-92 Broadway
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88-92 Broadway
5,310 SF Retail Building Freeport, NY 11520 $3,299,000 ($621/SF) 3.81% Cap Rate
Investment Highlights
- For Sale: Retail Strip in Freeport
- Tenants Pay For Utilities
- Close to Sunrise Hwy which has Several Retail Amenities & High Traffic Counts
- Fully-Occupied - New Tenant in Place in Unit 92
- Property is Located Within Walking Distance to the Freeport LIRR Station
Executive Summary
American Investment Properties is exclusively retained to sell the property located at 88-91 Broadway, Freeport. At this location is a retail strip with multiple tenants. The tenants pay for the utilities.
This property is located within walking distance to the Freeport LIRR station.
This property is located within walking distance to the Freeport LIRR station.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
5,310 SF
Building Class
C
Year Built
1923
Price
$3,299,000
Price Per SF
$621
Cap Rate
3.81%
NOI
$125,692
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.61
Lot Size
0.20 AC
Zoning
Commercial
Frontage
93 FT on Broadway Rd
Walk Score ®
Very Walkable (83)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2009-55-234-00-0057-0 | Improvements Assessment | $5,428 |
| Land Assessment | $1,869 | Total Assessment | $7,297 |
PROPERTY TAXES
Parcel Number
2009-55-234-00-0057-0
Land Assessment
$1,869
Improvements Assessment
$5,428
Total Assessment
$7,297
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88-92 Broadway
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