356 Lake Ave Saint James, NY 11780
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.
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7-Eleven Grocery & Convenience Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.