Freestanding Retail Strip in Smithtown, NY

1215 ROUTE 25A, SMITHTOWN, NEW YORK 11787

Executive Summary:

Price:	$1,175,000
Building Size:	3,600 SF
Property Type:	Retail
Lot Size:	0.75 Acres
Year Built:	1970
Projected Cap Rate:	5.93%
Projected NOI:	$69,639
Location:	1215 Route 25A, Smithtown, NY 11787

Investment Highlights

Freestanding Retail Strip in Smithtown, NY
Located on the Corner of a Signalized Intersection
40 On-Site Parking Spaces
Tenants are Paying Under Market Rents – Potential for Rental Growth
Located Under 2 Miles from the Kings Park Train Station

Investment Summary

American Investment Properties is retained to sell the property located at 1215 Route 25A, Smithtown. At this location is a fully-occupied freestanding retail strip with 4 tenants. The property is located on the corner of a signalized intersection and the tenants are currently paying under-market rents. There is ample on-site parking with 40 spaces.

About Smithtown, NY

Founded in 1665, Smithtown, is a bedroom community situated along Suffolk County’s North Shore. The township is comprised of six hamlets; Kings Park, Smithtown, St. James, Nesconset, Commack and Hauppauge (also parts of Fort Salonga, Lake Ronkonkoma) with three incorporated villages (Village of the Branch, Head of the Harbor & Nissequogue) within its borders. Our community is known for its 25 town parks, four state parks and four pristine beaches; Short Beach Long Beach, Kings Park Bluff and Callahan’s Beach.

The Town is centrally located along Long Island’s north shore, approximately 50 miles from New York City and a half an hour away from the Atlantic Ocean beaches. Commuters enjoy the convenience of three Long Island Rail Road stations within the township with frequent trains running daily to New York Penn
Station.