282 / 274 Medford Ave Patchogue, NY 11772

Listing agency Legacy Real Estate R**@legacycrea.com Show Phone

Listed by Ray Shammamie · License ##6501439800 Show Phone

Source Legacycrea

Added: Mar 5 Updated: Jul 6 at 10:31AM Checked: Jul 19 at 3:33AM

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Investment Insights

Based on property information with market context.

This property presents a rare investment opportunity on Long Island, offering significant value-add potential through the lease-up of existing vacancy. The property benefits from a corporate tenant with an investment-grade S&P credit rating of "BBB-". Consumer spending within a 1-mile radius on transportation and maintenance exceeds $40 million annually and is projected to surpass $46 million by 2026. The surrounding area has a substantial population of over 161,000 people within a 5-mile radius, with an average household income exceeding $123,000.

Key Highlights

• Investment Grade Tenant (S&P Credit Rating "BBB-")
• Significant Value‑Add Upside Through Lease‑Up of Existing Vacancy
• AAP NOI with increase scheduled for 1/1/2023

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Similar Off Market Nearby

• Auto Service Center Victor's — East Patchogue, NY 11772
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FAQs

What type of property is this?

Auto shop - Long Island property with value-add potential and corporate tenant.

Where is this auto shop located?

The property is located at 282 / 274 Medford Ave Patchogue, NY.

What is the asking price?

The asking price for this property is $2,700,000.

What are key features of this property?

This property features: Investment Grade Tenant (S&P Credit Rating "BBB-"); Significant Value‑Add Upside Through Lease‑Up of Existing Vacancy; AAP NOI with increase scheduled for 1/1/2023