120-126 Laurel Road Huntington, New York
Listed By All Island Estates Realty Corp
The Commercial Property for Sale located at Huntington, New York is currently for sale. Huntington, New York is listed for $1,800,000. If the property located at Huntington, New York isn't what you're looking for, visit https://blueislandhomesny.xomio.com to see other Commercial Properties for Sale in Huntington .
Date Updated : May 10, 2025
MLS#: 855833
$1,800,000 USD
Property features
Construction details
- Year built: 1986
Other features
- Cooling system: Central AC
Description
Calling All Investors, Developers & End-Users!!! 7.96 Cap 100% Occupied 7 Unit 6,400 Sqft. Shopping Center Near The Northport LIRR Station For Sale!!! The Building Features Excellent Signage, Great Exposure, 23 Parking Spaces, High 10’ Ceilings, Strong C6 Zoning, 2 Levels, All New LED Lighting, 200 Amp, Power, CAC, +++!!! The Property Is Located In The Heart Of East Northport 2 Blocks From The Northport LIRR Station!!! The Property Is Situated Just Minutes From Veteran’s Park & The Vanderbilt Museum!!! Neighbors Include UPS, Verizon, Chase Bank, Subaru, The Home Depot, P.C. Richard & Son, Stop & Shop, Public Storage, Extra Space Storage, Orangetheory Fitness, T.J. Maxx, 7-Eleven, Walgreens, Shell, Gold’s Gym, Trader Joe’s, Sherwin-Williams, Aboff’s Paints, Wendy’s, Taco Bell, Dairy Queen, +++!!! The Building Has 404 Feet Of Frontage On Busy Laurel Road & Vernon Valley Road!!! This Property Has A Daily Traffic Count Of 16,000+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Unit A: Podcast Studio: $18,000 Ann.; 3% Ann. Inc.; Lease Exp.: 10/1/28.
Unit B: Music Studio: $12,000 Ann.; 3% Ann. Inc.; Lease Exp.: 10/1/28.
Unit C: Lighting Company: $28,800 Ann.; M-M.
Unit 2A: Lighting Company: $16,800 Ann.; M-M.
Unit 2B: East Coast Capital: $30,000 Ann.; M-M.
Unit 2C: SPA: $24,000 Ann.
Unit 2D: Farmer’s Insurance: $20,400 Ann.; 3% Ann. Inc.; Lease Exp.: 8/1/27 + (2) 3 Year Options.
Tax Rebate (Paid By The Tenants): $18,886 Ann.
Landscape Rebate (Paid By The Tenants): $1,500 Ann.
Garbage Rebate (Paid By The Tenants): $2,400 Ann.
Snow Removal Rebate (Paid By The Tenants): $1,000 Ann.
Expenses:
Gas: $0
Electric: $1,440 Ann. (Perimeter Lighting Only)
Maintenance & Repairs: $250 Ann.
Insurance: $3,200 Ann.
Water: $200 Ann.
Garbage: $2,400 Ann.
Snow & Landscape: $2,500 Ann.
Taxes: $20,600 Ann.
Total Expenses: $30,590 Ann.
Current Gross Income: $173,786 Ann.
Net Operating Income (NOI): $143,196 Ann. (7.96% Cap!!!)
Location
Listing Contact: 516-783-5600
