Mixed-Use Building in Smithtown

114-118 W Main St Smithtown, NY 11787

114-118 W Main St, Smithtown, NY, 11787
114-118 W Main St, Smithtown, NY, 11787 114-118 W Main St, Smithtown, NY, 11787 114-118 W Main St, Smithtown, NY, 11787
Property Type:
Mixed Use
Cap Rate:
Last Verified:
Sep 19, 2023

• Vacant Mixed-Use Building in Smithtown, NY - Great Lease-Up Opportunity • Composed of 3 Commercial Spaces & 7 Residential Units • Prime Location in The Heart of Smithtown Village • Walking Distance to Smithtown Commuter Rail Station & Neighborhood Retail • High Traffic Counts: 28,358 Cars Per Day • Warehouse Space Behind the Main Building • All Units are Separately Metered • Commercial Units Have Central Air Conditioning

Map of 114-118 W Main St, Smithtown, NY, 11787

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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.