Blue Ribbon Shopping Plaza - 3024-3040 Jericho Turnpike

Suffolk County, East Northport, New York 11731

$9,250,000  

Listing ID Number

25041

Property Description

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of The Blue Ribbon Shopping Center in East Northport, NY. The formal address of the property is 3024-3040 Jericho Turnpike, and the property is located a ½ mile west of the busy Larkfield Road & Jericho Turnpike Intersection.

The (8) eight retail tenants benefit greatly from the highly trafficked thoroughfare which has 38,500+ cars passing by daily.

The property is split zoned between the C6 and R10 zoning districts. There is potential for redevelopment in the future, as a large portion of the 2.5 acre lot is undeveloped.

Please do not disturb any of the tenants.

Overview

Building Type:Commercial Buildings
Section/Block/Lot:215/200/30.12
Commercial Units:(8) Eight
Zoning:C6 / R10
Split Zoned Lot
Building Sq Ft:25,457

Investment Information

Net Operating Income:$508,979

Summary

Capitalization Rate:5.50%

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Benjamin Efraimov
Director
(718) 512 2608
benjamin.efraimov@cushwake.com

Kevin Schmitz
Associate
(718) 512 2628
kevin.schmitz@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.