164 Commack Road, Commack, NY 11725

Suffolk County, Commack, New York 11725

$1,800,000   $1,660,000   9.0% Capitalization Rate

Listing ID Number

24635

Property Description

Cushman & Wakefield has been retained on an exclusive basis for the sale of a two-story office building on Commack Road in Commack, Suffolk County.

The building includes five commercial units, of which four are currently leased. There is 2,000 square feet of vacancy on the second floor which is newly on the market for lease. The units are leased out to a mix of dental, medical, and professional tenants including Vibrant Rejuvenation and Commack Dental Associates.

Recent renovations to the building include a new common area and lobbies, and new glass stainless steel doors and windows. A large illuminated street sign is available for signage for tenants with great visibility on Commack road heading both directions. A handicap lift is also conveniently available for use at the building side entrance.

The property offers the opportunity for an investor to capitalize on a value-add property with additional rent available in the vacant space, or to operate as an owner/user.

It is located on Commack Road featuring multiple shopping and strip centers and office buildings. It enjoys high vehicle traffic as it is a few blocks south of Jericho Turnpike and approximately one mile away from the Sunken Meadow and Northern State Parkways. It is also in proximity to the Long Island Expressway and the Walt Whitman shopping mall.

Property inspections are arranged by appointment only.

Overview

Building Type:Commercial Buildings
Location:Commack Road, Commack
Section/Block/Lot:224/4/6
Lot Dimensions: 440.17' x 55'
(approx.)
Lot Sq Ft:24,209
(approx.)
Stories:4
Units:5
Zoning:C6
Building Sq Ft:8,000
(approx.)

Contact

For further information or inspection, please contact Exclusive Agents:

Stephen R. Preuss
Senior Managing Director
(718) 512 2118
stephen.preuss@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.