Lindenhurst Retail/Office Building For
For Sale
Contact for pricing
854 Rte 109, Lindenhurst, NY
Busy corner location suitable for retail or office use.
Property Size1,500 SF
Lot Size0.11 Acres
Price / SF$216.67
Days on Market590
Property Features for 854 Rte 109
General Information
Standard status
Active
Size
1,500 SF
Lot size
0.11 Acres
Property subtype
RETAIL
Listing Agency:
MGM Islandwide Realty, Inc.
(516) 818-7650
Listed By:
Michael G Macchia
(516) 818-7650
Source:
Moodyscre
Added: Dec 17, 2024
Changed: Jul 6
Last Checked: Jul 21 at 7:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MGM Islandwide Realty, Inc.
Investment Insights
Based on property information with market context.
Located on a busy corner on Route 109 in Lindenhurst, New York, this 1,500-square-foot building is available for sale. The property is suitable for retail or office use. The owner intends to renovate the entire building for a new tenant.
Key Highlights
- Very busy corner location on Rt. 109
- Entire building will be renovated for a new tenant
- Flexible lease terms
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.0k | $30.00 |
| − Vacancy | −$3.1k | −$2.07 |
| EGI | $41.9k | $27.93 |
| − OpEx | −$12.6k | −$8.38 |
| NOI | $29.3k | $19.55 |
1,500 SF · lease $30.00/SF/yr · vacancy 6.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$418.9K
$366.6K – $488.8K
NOI $29,326 @ 7.0% cap · market cap 9.02%
Second Best
Office B
$368.5K
$322.4K – $429.9K
NOI $25,793 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$457.0K
$399.9K – $533.1K
NOI $31,988 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
482
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Busy corner location suitable for retail or office use.
Where is this retail space located?
The property is located at 854 Rte 109 Lindenhurst, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Very busy corner location on Rt. 109; Entire building will be renovated for a new tenant; Flexible lease terms
