The North Fort Town Plaza

Suffolk County, Northport, New York 11768

$14,600,000  

Listing ID Number

25383

Property Description

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 1015-1019 Fort Salonga Road in Northport, NY. The property is a prime retail and office building in the Town of Huntington.

Currently the property is improved by a 33,400 sq. ft. two-story retail strip with a boutique grocery store, gourmet pizzeria, and several local retail businesses and professional offices. Additionally, the property has 146 lined parking spaces.

The property benefits from 360’ of frontage on Fort Salonga Road which has an average daily traffic count of 15,000+ cars. The picturesque building sits on a lot of over 3.7 acres, or 161,234 sq. ft.

The property is split zoned between C6 and R40. C6 is the most ideal zoning for a mixed-use development in the Town of Huntington. For further clarity on the property’s development potential please refer to our Zoning Analysis.

Contact the Exclusive Brokers for our Confidentiality Agreement

Overview

Building Type:Commercial Buildings
Lot Sq Ft:161,234
3.7 Acres
Buildable Sq. Ft:55,000+
Consult Architect
Stories:2
Zoning:C6
Allows Mixed-Use Development
Building Sq Ft:33,400

Expenses

Real Estate Taxes:$114,575$3.43 per Sq. Ft.

Investment Information

Net Operating Income:$870,222

Summary

Capitalization Rate:6.00%

Contact

For further information or inspection, please contact Exclusive Agents:

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

Daniel Abbondandolo
Director
(718) 512 2606
dan.abb@cushwake.com

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


Property Images

Click the image for a high resolution version.

<     /     >

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.