Mixed-Use Building with Auto Shop

400 Lake Avenue, Saint James, NY 11780

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For Sale

$1,399,000

Mixed-use building featuring commercial space and updated apartments.

Type:Commercial/Industrial

Property size:

6,130 SF

Price / SF:

$228/SF

Listing Contact

Maria J. Miro

Real Estate License ID: 10401347268

HighLights

Mixed‑use building offers both commercial and residential income streams.
Existing Auto Body Shop and Beauty Supply Store on the ground floor provides immediate income potential.
4,500 square feet of commercial space on the ground floor offers versatile business opportunities.
Two updated one‑bedroom apartments on the second floor (approx. 1,630 sq ft) provide residential income.
Second‑floor apartments feature abundant natural sunlight.
Additional parking lot specifically for the auto body shop enhances its business operations.

For Sale

$1,399,000

Mixed-use building featuring commercial space and updated apartments.

Type:Commercial/Industrial

Property size:

6,130 SF

Price / SF:

$228/SF

Added:: Jan 31, 2025
Days on Market:: 496
Last Refresh:: May 19 at 9:34 pm

Property Features for 400 Lake Avenue

General Information

Standard status: Active
Size: 6,130 SF
Property subtype: Commercial/Industrial

Building Details

Year Built: 1927

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Listing Contact

Maria J. Miro

Listing agent Maria J. Miro License #10401347268

Listing office Century 21 AA Realty

Listing date Jan 31, 2025

Source Exitrealty

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 Century 21 AA Realty

HighLights

Mixed‑use building offers both commercial and residential income streams.
Existing Auto Body Shop and Beauty Supply Store on the ground floor provides immediate income potential.
4,500 square feet of commercial space on the ground floor offers versatile business opportunities.
Two updated one‑bedroom apartments on the second floor (approx. 1,630 sq ft) provide residential income.
Second‑floor apartments feature abundant natural sunlight.
Additional parking lot specifically for the auto body shop enhances its business operations.

Overview

This mixed-use building features 4,500 square feet of commercial space on the ground floor, currently housing an auto body shop and a beauty supply store. The commercial area includes multiple working areas and office space. The second floor contains approximately 1,630 square feet of residential space, consisting of two updated one-bedroom apartments with ample sunlight. The property also includes an additional parking lot for the auto body shop. The building is located in Saint James, NY.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$183.9k	$30.00
− Vacancy	−$12.7k	−$2.07
EGI	$171.2k	$27.93
− OpEx	−$51.4k	−$8.38
NOI	$119.8k	$19.55

6,130 SF · lease $30.00/SF/yr · vacancy 6.90% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.71M

$1.50M – $2.00M (±1% cap)

NOI $119,848 @ 7.0% cap · market cap 8.57%

Second Best

Mixed Use

$1.56M

$1.36M – $1.82M (±1% cap)

NOI $109,126 @ 7.0% cap · market cap 7.80%

Theoretical Best

Office A

$1.87M

$1.63M – $2.18M (±1% cap)

NOI $130,724 @ 7.0% cap · market cap 9.34%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Dowling Brothers Auto ... Auto Repair Shop Century 21 Real Estate Agency Lush Beauty Lounge Medical Clinic

Suggested Use

Location Insight

Map
Local Demand

City: Saint James
County: Suffolk
State: New York
Longitude: -73.1574
Latitude: 40.8804

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For sale
Mixed-use properties
NY
Saint James
11780
400 Lake Avenue

What type of property is this?

Mixed-use property - Mixed-use building featuring commercial space and updated apartments.

Where is this mixed-use property located?

The property is located at 400 Lake Avenue Saint James, NY.

What is the asking price?

The asking price for this property is $1,399,000.

What are key features of this property?

This property features: Mixed‑use building offers both commercial and residential income streams.; Existing Auto Body Shop and Beauty Supply Store on the ground floor provides immediate income potential.; 4,500 square feet of commercial space on the ground floor offers versatile business opportunities.