For Sale: Harbor Square Mall in Port Jefferson, NY

134 Main St, Port Jefferson, New York 11777

Executive Summary:

Price:	$5,095,000
Building Size:	15,000 SF
Property Type:	Retail
Lot Size:	0.64 Acres
Year Built:	1956
Cap Rate:	6.53%
NOI:	$332,949
Location:	134 Main St Port Jefferson, NY 11777

Investment Highlights

Located in the Center of The Village of Port Jefferson Harbor District
Recent Capital Improvements Include Roof, HVAC, & Sprinkler System
Port Jefferson Lobster House (One of Port Jefferson’s Most Successful Restaurants For The Last 28 Years)
Sea Creations Tenant Has Been in Business For Around 47 Years
366 New Apartments In Various Stages of Construction Within The Village – Spurring Greater Market Activity
Real Estate Taxes Were Recently Grieved (Tax Certiorari)
The Village Pays a Percentage of Income Generated From Parking
Tenants Pay a Proportionate Share Toward Taxes (Already Included in Rent)
New Electrical Bank & Gas Bank Installed in 2017

Investment Summary

American Investment Properties is exclusively retained to sell the property at 134 Main St, Port Jefferson, NY. At this location is Harbor Square Mall which is composed of 15,000 SF and is situated in the center of The Village of Port Jefferson Harbor District.

About Port Jefferson, NY

Port Jefferson is an incorporated village located in Suffolk County, on the North Shore of Long Island, New York. It is within the Town of Brookhaven.

Few villages can claim such a broad array of assets as Port Jefferson, from its waterside location at the head of a beautiful deep water harbor to its desired position as a busy downtown area in the heart of Long Island’s prestigious North Shore.

P.T. Barnum, a famous circus owner, and several partners established a ferry line. The Village of Port Jefferson became incorporated in 1964.

Port Jefferson has stroll down tree-lined streets, and plentiful fine restaurants, and is considered one of the most picturesque of waterside villages to be found on Long Island.