368 Veterans Memorial Hwy, Commack, NY

Properties For Sale

at 368 Veterans Memorial Hwy Contact us

Listing agent Steven D’Orazio

Listing office Colliers | Long Island Show Phone

Listing date May 8, 2023

Source Moodyscre

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Overview

This well-maintained property is located in Western Suffolk, making it ideal for office use. It is within close proximity to the Northern State Parkway and Long Island Expressway. The building size is approximately 17,044 square feet. Suite 3 offers 600 square feet as an executive office, and Suite 6 provides 2885 square feet. The lot was sealed and striped in 2015/16. A new roof, rated for 30 years, was installed in 2008. Ample parking is available, with a ratio of 5 spaces per 1000 square feet. The property is easily accessible to Veterans Memorial Highway, Northern State Parkway, Sunken Meadow Parkway, Nesconset Highway, and Jericho Turnpike. The actual Net Operating Income (NOI) is $213,604, representing a 7.91% CAP rate. The projected NOI is $232,794, with an 8.62% CAP rate.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Commack

County

Suffolk

State

New York

Longitude

-73.2624

Latitude

40.8335

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FAQs

What type of property is this?

Office building - Well-maintained office building in Western Suffolk with ample parking.

Where is this office building located?

The property is located at 368 Veterans Memorial Hwy Commack, NY.

What are key features of this property?

This property features: High NOI: Actual $213,604 (7.91% CAP), Projected $232,794 (8.62% CAP); Ample parking with a ratio of 5:1000; Easily accessible to major highways (Northern State Parkway, Long Island Expressway, Veterans Memorial Highway, etc.)