Three-Unit Retail
For Sale
$1,200,000
164 Margin drive W, Shirley, NY 11967
Commercial Sale, Shirley, NY
Property Size5,000 SF
Lot Size0.37 Acres
Price / SF$240
Days on Market64
Property Features for 164 Margin drive W
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking features
Parking Lot
High school
William Floyd High School
Elementary school district
William Floyd
Middle school district
William Floyd
High school district
William Floyd
Directions
Use GPS
Standard status
Active
APN
0200-967-00-02-00-037-000
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
28000
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
central alarm system
Building Details
Year built
1974
Floors in Building
1
Number of units
3
Building materials
Frame
Listing Agency:
Keystone Realty USA Corp
(631) 261-2800
Listed By:
Joanne Ott
(631) 486-1126
Added: Aug 17
Changed: Oct 5
Last Checked: Oct 19 at 10:06AM
MLS# 1046449
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,000-square-foot frame retail property was built in 1974 and is currently configured as three units, with a certificate of occupancy in place for four. Existing occupants include a nail salon, barber shop, and boxing and martial arts studio, with leases in place. Tenants cover utilities and lawn maintenance. Building improvements include a new roof, central alarm system, central air conditioning, natural gas heat, and a newly finished parking area at the rear.
The property fronts Margin Drive W and has visibility from William Floyd Parkway. It is surrounded by national retailers and located minutes from Smiths Point Beach, the LIE, and other major roadways. Public water and public sewer serve the property, and the parcel contains 0.37 acres.
The property fronts Margin Drive W and has visibility from William Floyd Parkway. It is surrounded by national retailers and located minutes from Smiths Point Beach, the LIE, and other major roadways. Public water and public sewer serve the property, and the parcel contains 0.37 acres.
Key Highlights
- 5,000 SF retail strip configured as 3 units, with CO in place for 4 units
- Established occupants include a nail salon, barber shop, and boxing/martial arts studio
- Leases are in place; tenants pay utilities and lawn maintenance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,755
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,955,100
$2.0M
Cap Rate 7%
$1,396,500
$1.4M
Cap Rate 9%
$1,086,167
$1.1M
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$150.0K $30.00/SF
− Vacancy
−$10.4K −$2.07/SF
EGI
$139.7K $27.93/SF
− OpEx
−$41.9K −$8.38/SF
NOI
$97.8K $19.55/SF
Area
Suffolk County, NY
Vacancy
6.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,955,100
Cap Rate 7%
$1,396,500
Cap Rate 9%
$1,086,167
Alternative Uses
Best Use
Retail
$1.40M
$1.22M – $1.63M
NOI $97,755 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,626 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
123k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Home Improvements & Furnishings 26%
Groceries 18%
Electronics 2%
The Home Depot
Home Improvements & Furnishings
29,742 visits/mo
0.2 miles
King Kullen
Groceries
22,523 visits/mo
0.1 miles
Dollar Tree
Shops & Services
16,028 visits/mo
0.1 miles
7-Eleven
Shops & Services
14,460 visits/mo
0.2 miles
Mobil
Shops & Services
12,422 visits/mo
0.3 miles
Demographics for 11967, NY
26,213
Population
8,922
Households
2.9
Avg Household Size
39
Median Age
18%
College-Educated
89%
High-School Grad
13.2 sq mi
ZIP Area
1,986
Density / Sq Mi
$106,810
Median Household Income
$52,515
Median Earnings
$2,157
Median Rent
$386,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Strip mall - Retail property with established occupants, public utilities, central air, and a recently completed rear parking lot.
Where is this strip mall located?
The property is located at 164 Margin drive W Shirley, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 5,000 SF retail strip configured as 3 units, with CO in place for 4 units; Established occupants include a nail salon, barber shop, and boxing/martial arts studio; Leases are in place; tenants pay utilities and lawn maintenance
