Building Details

Building Size 2,764 SF

Year Built 2008

Buildings 1

Listing Agency: BH&G R E Realty Connect a***@bhgrc.com Show Phone

Listed By: Paolo E. Greco CBR Show Phone

Source: Croninreale

Added: Sep 16, 2025 Changed: Oct 23 Last Checked: Oct 23 at 5:10PM

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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 BH&G R E Realty Connect

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Investment Insights

Based on property information with market context.

This 2,764-square-foot retail property was built in 2008 and occupies a corner location. Its open interior, high ceilings, and large windows provide a flexible setting, while updated HVAC, electrical, and plumbing systems serve the building. ADA-compliant access and secure entry are also in place.

The property is at 351 Fort Salonga Road in Northport, New York. On-site parking is available, and the surrounding area includes commercial businesses, public transit, local amenities, and access to major roadways.

Key Highlights

• 2,764‑square‑foot retail property built in 2008
• Corner location at 351 Fort Salonga Road, Northport, NY 11768
• Open floor plan with high ceilings and large windows

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$54,039

Cap Rate

3.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,080,780 $1.1M

Cap Rate 7%

$771,986 $772.0K

Cap Rate 9%

$600,433 $600.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,764 SF

Gross rent

$82.9K $30.00/SF

− Vacancy

−$5.7K −$2.07/SF

EGI

$77.2K $27.93/SF

− OpEx

−$23.2K −$8.38/SF

NOI

$54.0K $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%

$1,080,780

Cap Rate 7%

$771,986

Cap Rate 9%

$600,433

Alternative Uses

Best Use

Retail

$772.0K

$675.5K – $900.7K (±1% cap)

NOI $54,039 @ 7.0% cap · market cap 3.60%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$842.0K

$736.8K – $982.4K (±1% cap)

NOI $58,943 @ 7.0% cap · market cap 3.93%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

White Mary E Medical Clinic Hearne Amy E ... Physician Suffolk Ob Gyn ... Physician INTEGRATED MEDICAL PROFESSIONALS ... Medical Clinic Eric Mitchnick Physician

Suggested Use

Top Pick Hair Salon Grocery & Convenience Store Dental Office Daycare Center (Bike/Boat/Book/etc) Store Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

521

Businesses Nearby

70k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 55% Shops & Services 41% Dining 4%

Stop & Shop Groceries

38,480 visits/mo 0.3 miles

Bank of America Shops & Services

11,735 visits/mo 0.5 miles

Mobil Shops & Services

9,647 visits/mo 0.4 miles

Speedway Shops & Services

7,218 visits/mo 0.2 miles

Ralph's Famous Italian Ices Dining

1,518 visits/mo 0.2 miles

Demographics for 11768, NY

21,433

Population

8,581

Households

2.5

Avg Household Size

50

Median Age

62%

College-Educated

99%

High-School Grad

15.1 sq mi

ZIP Area

1,419

Density / Sq Mi

$163,435

Median Household Income

$68,583

Median Earnings

$2,222

Median Rent

$779,700

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar For Sale Nearby

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Downtown Storefront

251 Main, Northport, NY 11768

$1,690,000

1,600 SF

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Specialty Property with Walk-Out Storage

35 Ward Avenue, Northport, NY 11768

$899,000

1,473 SF

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Frequently Asked Questions

What type of property is this?

Retail space - Adaptable interior with updated building systems, natural light, on-site parking, and ADA-compliant access.

Where is this retail space located?

The property is located at 351 Fort Salonga Road Northport, NY.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: 2,764‑square‑foot retail property built in 2008; Corner location at 351 Fort Salonga Road, Northport, NY 11768; Open floor plan with high ceilings and large windows