Mixed-Use Retail and Storage
385 Fort Salonga Road Northport, NY 11768
385 Fort Salonga Road, Northport, NY, 11768
$1,000,000
Pending
For Sale
$1,000,000
Pending
Mixed-use property with retail, residential, and storage space plus parking, delivered vacant for flexible occupancy planning.
Property Size2,783 SF
Days on Market330
Property Features for 385 Fort Salonga Road
General Information
- Standard status
- Pending
- Size
- 2,783 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1960
Listing Agency
COLDWELL BANKER COMMERCIAL AMH
(877) 221-4110
Listed by
LISA TESTAGROSE
Source
Corcoran
Added: Aug 25, 2025 Checked: Jul 20 at 4:53 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 COLDWELL BANKER COMMERCIAL AMH
Investment Insights
Based on property information with market context.
The property is a 2,783-square-foot mixed-use building that combines retail, residential, and storage space within a single offering. The site is described as being over 10,000 square feet with plenty of parking, supporting both day-to-day access and tenant convenience. The building is set to be delivered vacant, allowing a new owner to pursue a clean transition to the intended tenant and layout strategy. A pylon sign is also included to support on-site visibility.
The property is located on Fort Salonga Road and is described in the remarks as being on a very busy thoroughfare. The surrounding context is characterized primarily by high traffic, which can be an important factor for retail-oriented space.
For operators and investors evaluating space that can accommodate multiple income streams or operational functions, the combination of retail, residential, and storage may provide useful flexibility. With vacancy at delivery and on-site parking, the building may be better positioned for a streamlined re-tenanting effort, subject to confirming final unit configurations, use approvals, and any required permitting with the appropriate authorities.
The property is located on Fort Salonga Road and is described in the remarks as being on a very busy thoroughfare. The surrounding context is characterized primarily by high traffic, which can be an important factor for retail-oriented space.
For operators and investors evaluating space that can accommodate multiple income streams or operational functions, the combination of retail, residential, and storage may provide useful flexibility. With vacancy at delivery and on-site parking, the building may be better positioned for a streamlined re-tenanting effort, subject to confirming final unit configurations, use approvals, and any required permitting with the appropriate authorities.
Key Highlights
- Mixed‑use building with 2,783 SF total space for retail, residential, and storage
- Built in 1960
- Over 10,000 SF lot with plenty of on‑site parking
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 | $83.5k | $30.00 |
| − Vacancy | −$5.8k | −$2.07 |
| EGI | $77.7k | $27.93 |
| − OpEx | −$23.3k | −$8.38 |
| NOI | $54.4k | $19.55 |
2,783 SF · lease $30.00/SF/yr · vacancy 6.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$777.3K
$680.1K – $906.8K
NOI $54,410 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$706.6K
$618.3K – $824.4K
NOI $49,461 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$847.8K
$741.9K – $989.1K
NOI $59,348 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Peters Electric Corp.
Electrical Service
Mr Wood Restoration ...
Renovation Specialist
Similar Off Market Nearby
- Laurel & Lily Ltd — 145 Main St, Northport, NY 11768
- Stop & Shop Florist — 454 Fort Salonga Rd, Northport, NY 11768
FAQs
What type of property is this?
Storefront property - Mixed-use property with retail, residential, and storage space plus parking, delivered vacant for flexible occupancy planning.
Where is this storefront property located?
The property is located at 385 Fort Salonga Road Northport, NY.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Mixed‑use building with 2,783 SF total space for retail, residential, and storage; Built in 1960; Over 10,000 SF lot with plenty of on‑site parking
