Versatile Property on Route
324 E Main Street Smithtown, NY 77573
324 E Main Street, Smithtown, NY, 77573
Contact for pricing
For Sale
Contact for pricing
High-visibility property with auto shop and rental income.
Property Size5,720 SF
Price / SF$379.37
Days on Market69
Property Features for 324 E Main Street
General Information
- Standard status
- Active
- Size
- 5,720 SF
- Property subtype
- Retail
Listing Agency
Berkshire Hathaway Commercial Services | Laffey International Realty
Listed by
Frank S. Mannino · License #NY 10401361647
Source
Crexi
Added: May 13 Checked: Jul 19 at 8:06 am
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 Berkshire Hathaway Commercial Services | Laffey International Realty
Investment Insights
Based on property information with market context.
Located at 324 E Main Street in Smithtown, this 5,720 SF property presents an investment and owner-user opportunity. The property, currently home to Smithtown Auto Works and Enterprise Rent-A-Car, is situated in a high-traffic area on Route 25A, offering visibility and 33 parking spots. The building includes two functional spaces. One is a turnkey auto repair shop with four bays, three 10ft x 10ft doors, one 12ft x 10ft door, and 12ft ceilings. This space will be delivered vacant. The second space is occupied by Enterprise Rent-A-Car, a tenant since 2007, providing rental income. The property benefits from a location on Route 25A, within walking distance to the Village of Smithtown and in proximity to automotive dealerships. The building is in good condition and offers value-add potential with minor updates, and is also on sewer. This property is suitable for a business owner-operator or an investor looking for a versatile asset.
Key Highlights
- High‑traffic location on Route 25A with exceptional visibility.
- Turnkey auto repair shop space with four bays (delivered vacant).
- Reliable tenant (Enterprise Rent‑A‑Car) in place since 2007, providing steady income.
Local 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 | $192.2k | $33.60 |
| − Vacancy | −$12.5k | −$2.18 |
| EGI | $179.7k | $31.42 |
| − OpEx | −$53.9k | −$9.42 |
| NOI | $125.8k | $21.99 |
5,720 SF · lease $33.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.80M
$1.57M – $2.10M
NOI $125,790 @ 7.0% cap · market cap 5.80%
Second Best
Industrial
$1.16M
$1.02M – $1.36M
NOI $81,470 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$3.54M
$3.10M – $4.13M
NOI $247,928 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Enterprise Rent-A-Car
Car Rental Facility
Smithtown Auto Works
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Hertz Car Rental - Kings Park - Gaios Smithtown HLE — 59 E Main St, Kings Park, NY 11754
FAQs
What type of property is this?
Automotive property - High-visibility property with auto shop and rental income.
Where is this automotive property located?
The property is located at 324 E Main Street Smithtown, NY.
What is the asking price?
The asking price for this property is $2,170,000.
What are key features of this property?
This property features: High‑traffic location on Route 25A with exceptional visibility.; Turnkey auto repair shop space with **four bays (delivered vacant)**.; Reliable tenant (Enterprise Rent‑A‑Car) in place since 2007, providing steady income.
