Berkshire Hathaway Commercial Services is happy to bring to market this neighborhood strip center conveniently located on RT 25A between Kings Park and Smithtown.

The retail property boasts three long term tenants, one tenant (animal hospital) will be vacating by the summer of 2024, while the remaining tenants are all on month to month leases. This allows a new owner the opportunity to issue new leases incorporating tenant reimbursements and bring rents to a market rate. The property benefits from excellent visibility and easy access coupled with tremendous parking on this oversized parcel. The property has gas service which currently is limited to Subway Sandwiches, they have a direct meter. The rest of the tenants are using oil as the heating fuel and pay the oil charges directly to the provider. In 2018, the roof was completely refinished with a 20 year warranty that is transferable to the new owner. This is a neighborhood retail center that services the residential community it abuts. There is a very low barrier to entry for retail properties in this immediate area making the success of this retail property extremely viable. This is a diamond in the rough, don’t miss this opportunity.

Please submit a request for the full Offering Memorandum.