Project Description

For Sale: Office Buildings in Smithtown, NY

359 Hauppauge Rd, Smithtown, NY 11787

Executive Summary:

Price: $1,650,000
Building Size: 9,000 SF
Property Type: Office
Lot Size: 1.00 Acres
Year Built: 1979
Cap Rate: 7.55%
NOI: $124,493
Location:
359 Hauppauge Rd
Smithtown, NY 11787

Investment Highlights

  • Three Class B Office Buildings Total 9,000 SF
  • Approximately 50% Occupied
  • Great Lease-Up or Owner-User Opportunity
  • Over 200 Feet Frontage on Hauppauge Rd/Route 111
  • Strong Traffic Counts on Busy Roadway
  • 54 On-Site Parking Spaces
  • Near Retail Strip Center, Office Buildings, & Residences

Investment Summary

American Investment Properties is retained to sell 359 Route 111 (Hauppauge Rd) in Smithtown, New York. The subject property consists of three buildings and five tenants.

The property is 50% occupied, with building #2 being completely vacant. The building was previously occupied by Childbearing Family Alliance, a family support organization. This is a great lease-up opportunity, providing great return for the right investor. It’s also a strong location for an owner-user seeking 3,000 SF of space or more.

The property is located approximately one mile from Route 347 and is surrounded by apartment complexes and residential buildings.

There is ample on-site parking for this property with a 6/1,000 SF ratio. This is a great benefit as this location is highly car-dependent.

About Smithtown, NY

Smithtown is a town in Suffolk County, on the North Shore of Long Island, New York. It is also a census designated place within the Township of Smithtown.

Smithtown is bordered on the north by the Long Island Sound, the west by Huntington, the south by Islip and the east by Brookhaven, and lies in the western part of Suffolk County, approximately 50 miles east of New York City.

The Nissequogue River is in the area with attractions such as the 543-acre Caleb Smith State Park and historic sites like the Franklin O. Arthur Farm. The hamlet has attracted young buyers and a great place to raise a family because of its child-friendly environment and many quality homes which are made at affordable prices.

Contact Broker

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
President
Ron@aiprops.com
(O) 516.393.2300
(F) 516.390.5780

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