15 Berry Hl Rd, Oyster Bay, NY 11771-3537

This exceptional multi-tenant shopping center, located at a highly visible four-way signalized intersection in Oyster Bay, NY (15 Berry Hill Rd, 11771), presents a compelling investment opportunity. The 11,210 square foot building, completely renovated in 2005, boasts a beautiful brick facade, slate mansard roof, precast moldings, and a paving stone walkway. The property features 8,350 square feet of first-floor retail space, accommodating four large stores, and 2,020 square feet of second-floor office suites. An additional 840 square feet of lower-level space offers potential for increased income. Ample parking is provided with an 18-car lot. The property enjoys a strong tenant mix, demonstrating resilience to internet-based competition. Financial highlights include an asking price of $2,995,000 ($267 per square foot), a pro-forma NOI of $152,814, and a pro-forma cap rate of 5.10%. Clean environmental reports are available, including confirmation from the on-site green dry cleaner that no environmentally hazardous chemicals are used. The location, at the gateway to Oyster Bay adjacent to the Teddy Roosevelt statue, ensures high visibility and accessibility.