New Listing - 03/28/2025
103 Fort Salonga Road, Smithtown, (Fort Salonga), NY, 11768
1960
Strong Lease Up Tenants. Currently 100% collections, No Arrears! Prime Investment or Owner-User Opportunity in Fort Salonga! This freestanding, 2-story brick & stucco professional building is located directly on NY-25A (Fort Salonga Road) with excellent visibility and access. The property sits on approximately 0.367 acres with an additional adjacent lot of ~0.195 acres included—offering development or expansion potential. Generating income with long-term tenants and strong potential returns (estimated cap rate of 6.18%), this value-add asset offers owner occupancy options, rent growth upside (targeting ~$3.39/SF), and NNN lease conversion potential. With ample parking, low vacancy, and a high-visibility location near Sunken Meadow State Park, this is an ideal opportunity for investors or professionals. Several suites are available for immediate occupancy—perfect for medical, legal, or other professional users looking to own and operate in a high-traffic location. Occupy part of the building while collecting rent from existing tenants, creating a hybrid investment-use model with long-term upside.
Status:
Active
Town:
Smithtown
Type:
Commercial
Units:
17
Heating:
Ducts, Oil
Cooling:
Central Air, Electric
Basement:
Finished, Partial, Storage Space, Walk-Out Access
Levels:
3
Parking:
Attached, Common, Driveway, Off Street, Oversized, Parking Lot, Private, Shared Driveway
Acreage:
0.4
Est. Taxes:
$17,419
Construction
Block, Brick, Frame, Stucco
Utilities
Cable Available, Electricity Connected, Phone Available, Trash Collection Private, Water Connected
Lot Description:
Cleared, Corner Lot, Near Golf Course, Paved, Private, Sloped, Stone/Brick Wall, Wooded
Days on Market:
1
MLS #:
841512
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Amo Realty 617-247-1933