Mixed-Use Retail and Office
For Sale
Contact for pricing
35 W Main St, Smithtown, NY 11787
Newly renovated mixed-use building features retail on the ground floor and three office suites on the second floor.
Property Size5,200 SF
Price / SF$269.23
Days on Market160
Property Features for 35 W Main St
General Information
Standard status
Active
Size
5,200 SF
Property subtype
RETAIL
Listing Agency:
American Investment Properties, Inc.
(516) 993-7252
Listed By:
Ron Koenigsberg · License #31K00933350
(516) 993-7252
Source:
Moodyscre
Added: Feb 20
Changed: Jul 25
Last Checked: Jul 29 at 3:49PM
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 American Investment Properties, Inc.
Investment Insights
Based on property information with market context.
This mixed-use building offers retail space on the ground floor and three office spaces on the second floor. The property was newly renovated in 2023.
Located on W Main St in Smithtown, the building is within walking distance to the Smithtown LIRR Train Station. The area is surrounded by other retail spaces, and W Main St is reported to receive high daily traffic counts of 32,656 cars per day. A municipal parking lot is located one block away.
The layout provides a combined street-level retail presence with office space above, supporting flexible use for owners or investors seeking multiple income streams within one building.
Located on W Main St in Smithtown, the building is within walking distance to the Smithtown LIRR Train Station. The area is surrounded by other retail spaces, and W Main St is reported to receive high daily traffic counts of 32,656 cars per day. A municipal parking lot is located one block away.
The layout provides a combined street-level retail presence with office space above, supporting flexible use for owners or investors seeking multiple income streams within one building.
Key Highlights
- Mixed‑use building in Smithtown, NY with retail on the ground floor and 3 office spaces on the 2nd floor
- Newly renovated in 2023
- Within walking distance to the Smithtown LIRR train station
Financial Insights For Office B
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 | $202.8k | $39.00 |
| − Vacancy | −$32.4k | −$6.24 |
| EGI | $170.4k | $32.76 |
| − OpEx | −$42.6k | −$8.19 |
| NOI | $127.8k | $24.57 |
5,200 SF · lease $39.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.83M
$1.60M – $2.13M
NOI $127,764 @ 7.0% cap · market cap 9.13%
Second Best
Retail
$1.63M
$1.43M – $1.91M
NOI $114,354 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$3.22M
$2.82M – $3.76M
NOI $225,389 @ 7.0% cap · market cap 16.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,666
Businesses Nearby
Explore this area
Business Placement
Demographics for 11787, NY
35,361
Population
12,147
Households
2.9
Avg Household Size
45
Median Age
51%
College-Educated
96%
High-School Grad
14.9 sq mi
ZIP Area
2,373
Density / Sq Mi
$141,505
Median Household Income
$64,248
Median Earnings
$2,349
Median Rent
$642,200
Median Home Value
Market
Properties on Market for Mixed-use properties in Suffolk County
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Newly renovated mixed-use building features retail on the ground floor and three office suites on the second floor.
Where is this mixed-use property located?
The property is located at 35 W Main St Smithtown, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Mixed‑use building in Smithtown, NY with retail on the ground floor and 3 office spaces on the 2nd floor; Newly renovated in 2023; Within walking distance to the Smithtown LIRR train station
