438 Lake Avenue, Smithtown, (Saint James), NY, 11780
1946
Calling All Investors, Developers & End-Users!!! 8.48 Cap 2 Unit Corner Retail Building In Historic Saint James For Sale!!! The Property Is Located In The Heart Of Saint James 2 Blocks From The Saint James LIRR Station!!! The Building Features Excellent Signage, Great Exposure, Strong Central Business Zoning, 8 Parking Spaces, High Ceilings, Private Driveway Parking, All New LED Lighting, CAC+++!!! The 3,920 Sqft. Corner Building Has 54+ Feet Of Frontage On Lake Avenue & 106+ Sqft. On 3rd Street!!! Neighbors Include Starbucks, USPS, Mercedes, Lexus, Acura, Kia, Toyota, Jeep-Dodge-Ram, Chevrolet, Mazda, TD Bank, King Kullen, 7-Eleven, Dunkin', Whole Foods, Costco, BP Gas, Lowe's, Trader Joe's, Macy's, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property Or Home For Your Business!!! Income: Bike Shop (2,300 Sqft.): $57,600 Ann.; 3% Ann. Inc. Starting 7/1/26. Lease Exp. 6/30/28. Interior Decorator (1,620 Sqft.): $37,200 Ann. Lease Exp.: 2029. Total Gross Income: $94,800 Ann. Expenses: Gas: $0 Ann. (Tenant Pays) Electric: $0 Ann. (Tenant Pays) Water: $0 Ann. (Tenant Pays) Maintenance & Repairs: $1,500 Ann. Insurance: $5,000 Ann. Taxes: $20,578.86 Ann. Total Expenses: $27,078.86 Ann. Net Operating Income (NOI): $67,721.14 Ann. (8.48 Cap!!!)
Status:
Pending
Town:
Smithtown
Type:
Commercial
Units:
2
Zoning:
Commercial
Acreage:
0.09
Est. Taxes:
$20,579
Days on Market:
376
MLS #:
3497221
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Listing courtesy of All Island Estates Realty Corp 516-783-5600