Freestanding Retail Strip in Smithtown, NY

1215 Rte 25A Smithtown, NY 11787

1215 Rte 25A, Smithtown, NY, 11787
1215 Rte 25A, Smithtown, NY, 11787 1215 Rte 25A, Smithtown, NY, 11787
FOR SALE
Property Type:
Street Retail
Amount:
$1,175,000
Cap Rate:
0.00%
Last Verified:
Mar 05, 2024

• Freestanding Retail Strip in Smithtown, NY • Located on the Corner of a Signalized Intersection • 40 On-Site Parking Spaces • Tenants are Paying Under Market Rents - Potential for Rental Growth • Located Under 2 Miles from the Kings Park Train Station

Map of 1215 Rte 25A, Smithtown, NY, 11787

Presented by:
American Investment Properties

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Ron Koenigsberg


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.