92 Carleton Ave, Central Islip, NY 11722-3611

This exceptional mixed-use property at 92 Carleton Avenue in Central Islip, NY, presents a compelling investment opportunity. The 6,800 square foot, two-story building boasts four units: a ground-floor tire and wheel auto service center with a 16-year history at this location, and three residential apartments on the second floor. Each residential unit has individually metered electric and gas. The property includes 26 parking spaces, and the commercial tenant is responsible for snow removal. Located within the Downtown Revitalization Initiative (DRI) area, this highly visible site on Carleton Avenue benefits from approximately 19,000 vehicles passing daily. The strong demographics, with over 20,000 residents and nearly 450 businesses within a one-mile radius, ensure a stable tenant base. The property is offered at $1,300,000, with a Net Operating Income (NOI) of $110,411 and an attractive 8.49% cap rate. The building is zoned BU3 and offers a blend of commercial and residential income streams under a gross lease structure. This sale/leaseback opportunity provides immediate cash flow and significant long-term potential in a rapidly developing area. The property's location within the DRI area promises future growth and increased property value.