820 Jericho Tpke Huntington Station, NY 11746
- Retail properties
- 4,300 SF
- 0.28 lot acres
Current Use by Public Records
- Lynda Baker Realty / Real Estate Agency
Property Details for 820 Jericho Tpke
- Year built
- 1984
- Lot size
- 0.28 lot acres
- Property size
- 4,300 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 4,300 square foot, fully occupied (100%) retail strip center located at 820 E Jericho Turnpike in Huntington Station, NY. The property boasts four tenants with a stabilized investment profile, featuring a 6.06% cap rate and a Net Operating Income (NOI) of $105,988. Built in 1984, this single-story, Class C building sits on a 0.28-acre lot and includes 10 on-site parking spaces. The property benefits from a prime location on a busy roadway with over 35,595 vehicles passing daily, surrounded by established neighborhood amenities and national credit tenants such as Dunkin' Donuts and a Volkswagen dealership. Tenants enjoy a gross lease structure with 3% annual rent bumps, ensuring consistent income growth. The property is zoned for commercial use and offers a fee simple ownership structure. This is an ideal acquisition for investors seeking a stable, high-performing retail asset in a desirable location. The asking price is $1,750,000, translating to $406.98 per square foot. The property's proximity to Walt Whitman Road and the Walt Whitman Shopping Mall further enhances its appeal and potential for future growth. The property's APN is 0400-204-00-02-00-056-000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Huntington Station
- County
- Suffolk
- State
- New York
- Longitude
- -73.381
- Latitude
- 40.8346
