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16 Middle Country Rd Coram, NY 11727

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For Sale
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High-yield, 100% occupied shopping center. Strong tenant base.

Property size:
10,000 SF

Property Features for 16 Middle Country Rd

General Information

Property type
Lifestyle centers
Square Feet
10,000 SF

Building Details

Stories
1
Units
9

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Listing Contact
Tony Hack
Tony Hack

Listing Agency: East Coast Realtors Listing Agent: Tony Hack

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 10,000 square foot shopping center, located at 16 Middle Country Road in Coram, New York (zip code 11727), presents a compelling investment opportunity. The property boasts a strong pro-forma NOI of $217,385 and a pro-forma cap rate of 6.49%, reflecting its significant income potential. Currently operating at 100% occupancy, the center features nine units within a single-story building situated on a 40,507 square foot lot. The asking price is $3,350,000, translating to a price per square foot of $335. The property benefits from a triple net (NNN) lease structure with a remaining term of 10 years, minimizing landlord responsibilities. Ample parking is available for shoppers and tenants, with 70 spaces provided. The center's prominent location on the south side of Middle Country Road, between Fife and Erna Drives, ensures high visibility and accessibility. A pylon sign further enhances the property's marketing potential. This is a rare opportunity to acquire a well-established, high-performing retail asset in a desirable location. The property is classified as a multi-tenant shopping center.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

PIZZERÍA LA PITAHAYA Restaurant Happy Garden Chinese ... Restaurant LA PITAHAYA Restaurant Good Samaritan Haitian ... Take-out & Catering ATM Atm

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
Coram
County
Suffolk
State
New York
Longitude
-72.9780279
Latitude
40.8738888

FAQs

What type of property is this?
Lifestyle center - High-yield, 100% occupied shopping center. Strong tenant base.
Where is this lifestyle center located?
The property is located at 16 Middle Country Rd Coram, NY.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: 10,000 SF multi-tenant shopping center in Coram, NY (11727) on a 40,507 SF lot.; Strong pro-forma NOI of $217,385 and 6.49% cap rate.; $3,350,000 asking price ($335/SF); 100% occupancy with nine units.
(718) 428-2900 Call to check price and availability
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