Middle Island Plaza in Middle Island, NY
846-900 MIDDLE COUNTRY RD, MIDDLE ISLAND, NEW YORK 11953
Executive Summary:
| Price: | $17,500,000 |
| Building Size: | 86,118 SF |
| Property Type: | Retail |
| Lot Size: | 13 Acres |
| Year Built: | 1983 |
| Cap Rate: | 6.45% |
| NOI: | $1,128,207 |
| Location: |
846-900 Middle Country Rd, Middle Island, NY 11953
|
Investment Highlights
- For Sale: Middle Island Plaza Retail Center
- Consisting of Several Retail Tenants – Majority on Long-Term Leases
- 3,500 SF Drive-thru Pad Site is Available and Approved to be Built on the Property
- Most Tenants have Options to Extend
- 772 ft of Frontage on Middle Country Rd
- Ample On-Site Parking with 380 Spaces
Investment Summary
American Investment Properties is retained to sell the property located at 846-900 Middle Country Rd, Middle Island. At this location is a large retail neighborhood center consisting of several tenants. Most tenants are on long-term leases with options to extend. There are currently 2 vacant spaces that provide for great lease-up opportunities. This property has vast frontage on Middle Country Rd and ample on-site parking for the convenience of shoppers.
About Middle Island, NY
Middle Island is a hamlet and census-designated place (CDP) within the Town of Brookhaven, in Suffolk County, on Long Island, in New York, United States. The population was 10,546 at the time of the 2020 census.
The community is situated between the hamlets of Coram and Ridge to the west and east, respectively – and the hamlets of Rocky Point and Yaphank to the north and south. The name derives from the fact that it lies approximately halfway between the eastern and western ends of Long Island (Montauk Point and the East River) as well as halfway between the northern and southern boundaries (the Long Island Sound and the Atlantic Ocean).
Contact Broker
Ron Koenigsberg, CCIM
President
Ron@aiprops.com
(O) 516.393.2300
(F) 516.390.5780