Retail Building on Montauk
863 Montauk Hwy Shirley, NY 11967
For Sale
$6,500,000
Mint 10,000+ Sqft retail building with national tenant.
Property Size10,000 SF
Price / SF$650
Days on Market96
Property Features for 863 Montauk Hwy
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Commercial
Listing Agency:
All Island Estates Realty Corp
(516) 279-8828
Listed By:
Richard Matt Shane · License #10301216230
(516) 279-8828
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 7:04AM
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 All Island Estates Realty Corp
Investment Insights
Based on property information with market context.
This 10,000+ sqft retail building is located on Montauk Highway in Shirley. The property features signage, a long-term lease, and J2 zoning. It includes 58 parking spaces, high 20’ ceilings, sprinklers, a drive-thru, 3-phase power, and 2 curb cuts. Additional features include LED lighting and CAC. Situated on Montauk Hwy, the property is one block from William Floyd Pkwy. It has 287’ of frontage on Montauk Hwy and 177’ of frontage on Grand Ave. The location experiences a daily traffic count of 42,000+ vehicles per day. The property is located near Starbucks, The Home Depot, USPS, UPS, Stop & Shop, Ulta Beauty, Kohl’s, Marshalls, Dunkin’, Kay Jewelers, CVS, Applebee’s Bar & Grill, King Kullen, McDonald’s, Taco Bell, Wendy’s, Sonic, Enterprise Rent-A-Car, Aldi, Lidl, Dollar Tree, STS Tire, Jersey Mike’s Subs, Carvel, and KFC. The property is very walkable with a walk score of 73 and somewhat bikeable with a bike score of 49.
Key Highlights
- NNN National Tenant in place with long‑term lease.
- High‑traffic location on Montauk Hwy with 42,000+ vehicles per day.
- Large 10,000+ Sqft retail building with 58 parking spaces.
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 | $300.0k | $30.00 |
| − Vacancy | −$20.7k | −$2.07 |
| EGI | $279.3k | $27.93 |
| − OpEx | −$83.8k | −$8.38 |
| NOI | $195.5k | $19.55 |
10,000 SF · lease $30.00/SF/yr · vacancy 6.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.79M
$2.44M – $3.26M
NOI $195,510 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.05M
$2.67M – $3.55M
NOI $213,252 @ 7.0% cap · market cap 3.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Mint 10,000+ Sqft retail building with national tenant.
Where is this retail space located?
The property is located at 863 Montauk Hwy Shirley, NY.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: NNN National Tenant in place with long‑term lease.; High‑traffic location on Montauk Hwy with 42,000+ vehicles per day.; Large 10,000+ Sqft retail building with 58 parking spaces.
