Retail Building on 1.69
394 NY-264 Phoenix, NY 13135
394 NY-264, Phoenix, NY, 13135
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For Sale
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2,275 SF retail building with redevelopment potential.
Property Size2,275 SF
Lot Size1.69 Acres
Price / SF$131.43
Days on Market828
Property Features for 394 NY-264
General Information
- Standard status
- Active
- Size
- 2,275 SF
- Lot size
- 1.69 Acres
- Property subtype
- Industrial, Land, Office, Retail
Listing Agency
Rooftop Realty Group, LLC
Listed by
Mark Cardone · License #NY 10991228663
Source
Crexi
Added: Apr 12, 2024 Checked: Jul 16 at 7:27 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 Rooftop Realty Group, LLC
Investment Insights
Based on property information with market context.
The property features a 2,275 square foot retail building situated on 1.69 acres in Phoenix. The site offers potential for redevelopment and is suitable for various business uses. It benefits from convenient highway access and substantial road frontage.
Key Highlights
- 2,275 square foot retail building
- Large 1.69 acre lot
- Located right off Highway 481
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 | $32.8k | $14.40 |
| − Vacancy | −$1.4k | −$0.60 |
| EGI | $31.4k | $13.80 |
| − OpEx | −$9.4k | −$4.14 |
| NOI | $22.0k | $9.66 |
2,275 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$313.8K
$274.6K – $366.2K
NOI $21,969 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$453.8K
$397.1K – $529.4K
NOI $31,764 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 2,275 SF retail building with redevelopment potential.
Where is this retail space located?
The property is located at 394 NY-264 Phoenix, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 2,275 square foot retail building; Large 1.69 acre lot; Located right off Highway 481
