Freestanding Retail
648 Montauk Hwy Copiague, NY 11726
648 Montauk Hwy, Copiague, NY, 11726
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For Sale
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Freestanding retail building with approximately 20-car private parking lot and strong visibility along Montauk Highway.
Property Size4,260 SF
Price / SF$316.90
Days on Market77
Property Features for 648 Montauk Hwy
General Information
- Standard status
- Active
- Size
- 4,260 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1960
Listing agency
Berkshire Hathaway Commercial Services | Laffey International Realty
Listed by
Frank S. Mannino · License #NY 10401361647
Source
Crexi
Added: May 7 Updated: Jul 20 at 9:12PM Checked: Jul 21 at 10:55AM
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.
This freestanding commercial building offers a well-maintained 4,260 SF retail layout and includes a private parking lot with space for approximately 20 cars. The property is currently occupied by a boutique dress shop (tenant since 2018), and will be delivered vacant upon sale.
Set in the hamlet of Copiague in the Town of Babylon, the building benefits from visibility from both directions on Montauk Highway and convenient access to the dedicated parking area.
The property is suited for a range of retail business uses, with the existing storefront configuration supported by on-site parking and straightforward highway frontage access.
Set in the hamlet of Copiague in the Town of Babylon, the building benefits from visibility from both directions on Montauk Highway and convenient access to the dedicated parking area.
The property is suited for a range of retail business uses, with the existing storefront configuration supported by on-site parking and straightforward highway frontage access.
Key Highlights
- 4,260 SF freestanding commercial building built in 1960
- Private parking lot with space for approximately 20 cars
- Excellent visibility from both directions on Montauk Highway
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 | $127.8k | $30.00 |
| − Vacancy | −$8.8k | −$2.07 |
| EGI | $119.0k | $27.93 |
| − OpEx | −$35.7k | −$8.38 |
| NOI | $83.3k | $19.55 |
4,260 SF · lease $30.00/SF/yr · vacancy 6.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,287 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,846 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Regards Wholesale
Clothing Store
Similar For Sale Nearby
Similar Off Market Nearby
- Ours 2 Yours — 720 Montauk Hwy, Copiague, NY 11726
- Jimmy and Cara’s Florist Services Inc
- Stop & Shop Florist — 351 Merrick Rd, Amityville, NY 11701
FAQs
What type of property is this?
Storefront property - Freestanding retail building with approximately 20-car private parking lot and strong visibility along Montauk Highway.
Where is this storefront property located?
The property is located at 648 Montauk Hwy Copiague, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 4,260 SF freestanding commercial building built in 1960; Private parking lot with space for approximately 20 cars; Excellent visibility from both directions on Montauk Highway
