Main Street Retail Investment
For Sale
$810,000
1502 Main St, Port Jefferson, NY 11777
Retail property for sale with existing tenant and income.
Days on Market98
Property Features for 1502 Main St
General Information
Standard status
Active
Property subtype
Commercial
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Yuyi Cheng
(917) 708-9966
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 30 at 12:15PM
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 Tiger Realty
Investment Insights
Based on property information with market context.
Located on Main Street in Port Jefferson, Suffolk County, this investment property features an existing dry-cleaning tenant. The tenant currently pays $4,456 monthly, with a 3% yearly increase and three years remaining on the lease. The tenant is responsible for property taxes of $10,131.76, Village Tax of $1,410.32, and all utilities. The seller covers the building insurance of $3,650. The property generates a net income of $53,472 yearly, equating to a 6% cap rate. It includes a private driveway with five private parking spots for customer use. The walk score is 74, indicating the area is very walkable, and the bike score is 47, meaning it is somewhat bikeable.
Key Highlights
- Existing tenant provides stable income of $4,456 monthly with 3% yearly increase and three years remaining on the lease.
- Tenant pays property tax ($10,131.76) and Village Tax ($1,410.32) in addition to all utilities.
- Generates 6% plus cap rate with net annual income of $53,472.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,416
Businesses Nearby
30k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 12%
7-Eleven
Shops & Services
9,181 visits/mo
0.4 miles
Speedway
Shops & Services
7,181 visits/mo
0.5 miles
Sunoco
Shops & Services
4,099 visits/mo
0.3 miles
Gulf Oil
Shops & Services
3,742 visits/mo
0.4 miles
Carvel Ice Cream
Dining
3,498 visits/mo
0.4 miles
Demographics for 11777, NY
9,346
Population
3,893
Households
2.4
Avg Household Size
46
Median Age
69%
College-Educated
97%
High-School Grad
4.4 sq mi
ZIP Area
2,124
Density / Sq Mi
$148,519
Median Household Income
$72,042
Median Earnings
$2,261
Median Rent
$655,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Malkmes Florists & Ghses. — 70 Oakland Ave, Port Jefferson Station, NY 11776
- Slate Floral & Event Studio — 158 E Main St #2, Port Jefferson, NY 11777
Frequently Asked Questions
What type of property is this?
Storefront property - Retail property for sale with existing tenant and income.
Where is this storefront property located?
The property is located at 1502 Main St Port Jefferson, NY.
What is the asking price?
The asking price for this property is $810,000.
What are key features of this property?
This property features: Existing tenant provides stable income of $4,456 monthly with 3% yearly increase and three years remaining on the lease.; Tenant pays property tax ($10,131.76) and Village Tax ($1,410.32) in addition to all utilities.; Generates 6% plus cap rate with net annual income of $53,472.
