Project Description

For Sale: Retail Property in East Patchogue, NY

743-755 Montauk Hwy, East Patchogue, NY 11772

Property Summary:

Price: $4,850,000
Building Size: 11,880 SF
Property Type: Retail
Lot Size: 2.0 Acres
Year Built: 1974
Cap Rate: 5.7%
NOI: $276,380
Location:
743-755 Montauk Hwy,
East Patchogue, NY 11772

Property Highlights

  • Property is Fully Occupied
  • Tenants Reimburse For Expenses
  • Tenants Pay Rent Increases & Have Options
  • Has Ample Parking & Retail Signage
  • Busy Drive-Thru Near Signalized Intersection
  • Near Swan Nursery Commons & Lowe’s Home Improvement

Property Overview

American Investment Properties is exclusively offering 743-755 Montauk Highway in East Patchogue, New York. At this location you’ll find a fully occupied property.

Tenants are responsible for common area maintenance, tax, and insurance reimbursements to the landlord. Additionally, there are rent increases and options for various tenants.

The property consists of two adjacent lots with pylon signage, ample parking and a total of 4 curb cuts. Additionally, the McDonald’s has a busy drive-thru near a signalized intersection.

The property is nearby Swann Nursery Commons (with an AutoZone, Walgreens and other retail stores) and a Lowe’s Home Improvement store.

Location Overview

East Patchogue is a hamlet and census-designated place located in Suffolk County, on the South Shore of Long Island, New York. It is within the Town of Brookhaven.

As of the 2010 census, there were 22,469 people, 7,977 households and 5,315 families residing in the CDP.

The median income for a household in the CDP was $69,007 and the median income for a family was $88,552. Males had a median income of $57,957 and $44,591 for females.

Contact Broker

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
President
Ron@aiprops.com
(O) 516.393.2300 x202
(F) 516.390.5780

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