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790 Marconi Blvd Copiague, NY 11726

Sponsored
For Sale
$2,200,000

Multi-Tenant Automotive Facility, High Cap Rate

Property size:
8,115 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional 8,115 square foot industrial property, located at 790 Marconi Boulevard in Copiague, New York, presents a compelling investment opportunity. The property consists of three units situated on a 0.4-acre lot, offering significant potential for income generation. Currently, two of the three units are leased under a modified lease agreement, providing immediate cash flow. The asking price is $2,200,000, translating to a compelling $271.10 per square foot. The property boasts a current cap rate of 5.00%, with a pro-forma cap rate of 5.56% and a pro-forma net operating income (NOI) of $122,400. The property is zoned for industrial use and features a fenced side yard. Each unit is valued at approximately $733,333.33. The property's strategic location adjacent to the Copiague Long Island Rail Road (LIRR) station provides excellent accessibility and enhances its overall appeal. The property can be delivered vacant, offering flexibility for future tenants or repositioning strategies. This multi-tenant automotive facility represents a rare opportunity to acquire a well-located, income-producing asset in a thriving market. The property's strong financials, combined with its convenient location and potential for future growth, make it an ideal investment for discerning buyers seeking a high-return opportunity in the Long Island industrial market. The property is located in Suffolk County, New York, with a zip code of 11726.

Property Features for 790 Marconi Blvd

General Information

Property type
Automotive properties
Square Feet
8,115 SF
Lot Size
17,424 SF

Building Details

Units
3

HighLights

  • 8,115 SF industrial property on 0.4‑acre lot in Copiague, NY.
  • Three units, two currently leased, generating immediate cash flow.
  • Asking price: $2,200,000 ($271.10/SF), 5.00% current cap rate, 5.56% pro‑forma cap rate, $122,400 pro‑forma NOI.
  • Industrially zoned, fenced side yard, located near the Copiague LIRR station.
  • Can be delivered vacant; suitable for repositioning or new tenants.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Copiague
County
Suffolk
State
New York
Longitude
-73.3981533
Latitude
40.6814253

FAQs

What type of property is this?
Automotive property - Multi-Tenant Automotive Facility, High Cap Rate
Where is this automotive property located?
The property is located at 790 Marconi Blvd Copiague, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 8,115 SF industrial property on 0.4-acre lot in Copiague, NY.; Three units, two currently leased, generating immediate cash flow.; Asking price: $2,200,000 ($271.10/SF), 5.00% current cap rate, 5.56% pro-forma cap rate, $122,400 pro-forma NOI.
More about this property
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