State Street Plaza in Huntington, NY

1200 E JERICHO TPKE, HUNTINGTON, NEW YORK 11743

Executive Summary:

Price:	$5,200,000
Building Size:	10,476 SF
Property Type:	Retail
Lot Size:	1.00 Acres
Year Built:	1960
Cap Rate:	6.77%
NOI:	$352,299
Location:	1200 E Jericho Tpke, Huntington, NY 11743

Investment Highlights

Fully-Occupied 10 Unit Retail Neighborhood Center
Handful of Long Term Tenants & 5+ Year Leases
Ample Parking to Accommodate Customers
High Traffic Counts: Over 33,800 VPD
Close Proximity From The Northern State Parkway
Near Other Bustling Neighborhood Amenities

Investment Summary

American Investment Properties is retained to sell 1200 E Jericho Turnpike in Huntington, New York. At this location you’ll find a 10 unit retail strip center.
Also known as State Street Plaza, this property is a neighborhood staple, providing many services for local residents. This property is currently fully-occupied.
State Street Plaza consists of about 50 parking spaces with one curb cut serving as an entrance/exit. This property is in a prime location. In addition to being on the busy Jericho Turnpike where over 33,800 cars drive by each day, it’s only 5 minutes off the Northern State Parkway. Neighborhood amenities surround this property. Nearby you’ll find car dealerships, restaurants, gas stations, and a Stop & Shop.

About Huntington, NY

The Town is located at the western end of Suffolk County adjacent to the Nassau-Suffolk County boundary. It is approximately 40 miles from Manhattan and 40 miles from Riverhead, the Suffolk County seat. The History of Huntington is closely associated with the early development of the American colonies. The community was originally settled in 1653, well within the lifetime of the earliest New England colonist. In the beginning, water-borne transportation gave life to the community. The natural harbors offered ready access to the farmlands of the Long Island interior. The harbor was the setting for the early Huntington community which became the focal point for the movement of agricultural products into the commerce of the colonies. Although agriculture was its mainstay and water-borne transportation its lifeline for two centuries, in later years the whaling industry and expanded manufacturing activity broadened the local economy and gave impetus to the expansion of the harbor communities of Cold Spring Harbor, Huntington, and Northport.