356 Lake Ave Saint James, NY 11780
- Retail properties
- 2,045 SF
- 0.25 lot acres
Current Use by Public Records
- 7-Eleven / Convenience Store
Property Details for 356 Lake Ave
- Year built
- 1967
- Lot size
- 0.25 lot acres
- Property size
- 2,045 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 2,045 square foot 7-Eleven convenience store located at 356 Lake Avenue, Saint James, New York, 11780. The property sits on a 0.25-acre lot within the Central Business Center zoning district and includes 12 parking spaces, ensuring convenient customer access. The single-story building, constructed in 1967, boasts 100% occupancy with a current net lease in place. The lease, originally commencing April 21, 1967, has been recently extended, providing a remaining term of approximately 3 years, expiring April 30, 2027. The asking price is $750,000, translating to a price per square foot of $366.75. This presents a chance to secure short-term cash flow while planning for future capital improvements to maximize rental income or for an owner-occupant to control their business location. The property's convenient location, an 8-minute walk or 2-minute drive from the St. James Train Station, further enhances its appeal and accessibility. The Suffolk County property features APN 0800-056-00-04-00-038-001.
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
- Saint James
- County
- Suffolk
- State
- New York
- Longitude
- -73.1573
- Latitude
- 40.8793
