Retail & Office Building in Smithtown, NY

35 W MAIN ST, SMITHTOWN, NEW YORK 11787

Executive Summary:

Price:	$1,400,000
Building Size:	5,200 SF
Property Type:	Retail
Lot Size:	0.06 Acres
Year Built:	1950
Projected Cap Rate:	6.37%
Projected NOI:	$89,236
Location:	35 W Main St, Smithtown, NY 11787

Investment Highlights

For Sale: Mixed-Use Building in Smithtown, NY
Consisting of (1) Retail Space on the Ground Floor & (3) Office Spaces on the 2nd Floor
Newly Renovated in 2023
Within Walking Distance to the Smithtown LIRR Train Station
Surrounded by Various Other Retail Spaces on W Main St
W Main St Receives High Daily Traffic Counts of 32,656 Cars Per Day
Municipal Parking Lot is Located One Block Away in Addition to

Investment Summary

American Investment Properties is retained to sell 35 W Main St, Smithtown, NY. At this location is a retail and office building consisting of (1) retail space on the ground floor and (3) office spaces on the second floor. This building was newly renovated in 2023 and is located within walking distance to the Smithtown LIRR train station.

About Smithtown, NY

Smithtown is a town in Suffolk County, New York, on the North Shore of Long Island. It is part of the New York metropolitan area.

Smithtown broadcasts its board meetings on SGTV, the Town of Smithtown’s public service television station; Optimum channel 18 or Verizon Fios channel 27. The Times of Smithtown newspaper carries community-based articles.

The Smithtown Performing Arts Center is a theater at 2 East Main Street. The historic building has not been significantly altered since it was built in 1933. It operated as a movie theater from 1933 to November 2001, and was renovated and restored to accommodate live performances in 2002. In 2022 the building was purchased by the nonprofit Smithtown Performing Arts Council, which programs a variety of live entertainment and community events including musicals, plays, music, comedy, educational classes and summer camps