2 Freestanding Retail Strips in Nesconset, NY

409-419 LAKE AVE & 211-217 SMITHTOWN BLVD, NESCONSET, NEW YORK 11767

Executive Summary:

Price:	$1,925,000
Building Size:	9,121 SF
Property Type:	Retail
Lot Size:	0.75 Acres
Year Built:	–
Cap Rate:	5.00%
NOI:	$96,171
Location:	409-419 Lake Ave & 211-217 Smithtown Blvd, Nesconset, NY 11767

Investment Highlights

For Sale: 2 Retail Buildings in Nesconset, NY
Located on the Corner of Smithtown Blvd and Lake Ave
The Property has Approximately 38 On-Site Parking Spaces
Located Near Other Neighborhood Retail & Amenities
Close to the Smithtown Bypass & the Long Island Expy

Investment Summary

American Investment Properties is retained to sell the properties located at 409-419 Lake Ave and 211-217 Smithtown Blvd, Nesconset, NY. At these locations are two freestanding retail strip centers that are located on the same parcel of land. Both buildings are fully-occupied and there are approximately 38 on-site parking
spaces. This property is located near several other neighborhood amenities and is located close to the Smithtown Bypass & the Long Island Expy.

About Nesconset, NY

Nesconset is a hamlet and census-designated place located within the Town of Smithtown, in Suffolk County, Long Island, New York, United States. The statistical area defined as Nesconset was expanded in the early 1970s to include a portion of what was Lake Ronkonkoma, New York. The area includes land from Gibbs Pond Road east to School House Road and from Brown’s Road south to Smithtown Boulevard.

Two state highways pass through Nesconset: Middle Country Road (NY 25) and the Nesconset–Port Jefferson Highway (NY 347). The former forms the CDP’s northern border, while the latter traverses Nesconset diagonally; both routes intersect at the Nesconset–St. James border.