This listing is under contract.

For Sale: Fully Occupied Retail Property in East Patchogue

743-755 Montauk Hwy East Patchogue, NY 11772

743-755 Montauk Hwy, East Patchogue, NY, 11772
743-755 Montauk Hwy, East Patchogue, NY, 11772 743-755 Montauk Hwy, East Patchogue, NY, 11772 743-755 Montauk Hwy, East Patchogue, NY, 11772 743-755 Montauk Hwy, East Patchogue, NY, 11772
UNDER CONTRACT FOR SALE
Property Type:
Strip Center
Amount:
$4,150,000
Cap Rate:
6.26%
Last Verified:
Apr 16, 2021

American Investment Properties is exclusively retained to sell 743-755 Montauk Highway in East Patchogue, New York. At this location you'll find a fully occupied property.

 

Tenants are responsible for common area maintenance, tax, and insurance reimbursements to the landlord. Additionally, there are rent increases and options for various tenants.

 

The property has pylon signage, ample parking spaces and a total of 2 curb cuts. This allows for easier accessibility to the property from the road.

 

The property is right next to a busy McDonald's. Nearby is Swann Nursery Commons with an AutoZone, Walgreens and other retail stores, and a Lowe's Home Improvement store.


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Map of 743-755 Montauk Hwy, East Patchogue, NY, 11772

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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.