Sunrise Highway Retail Building in Freeport, NY

132-136 W Sunrise Hwy Freeport, NY 11520

132-136 W Sunrise Hwy, Freeport, NY, 11520
132-136 W Sunrise Hwy, Freeport, NY, 11520 132-136 W Sunrise Hwy, Freeport, NY, 11520
FOR SALE
Property Type:
Free Standing Building
Amount:
$1,099,000
Cap Rate:
6.42%
Last Verified:
Jan 18, 2023

• Fully Leased Retail Building • Sits Between Two Signalized Intersections • Right Next to 3 Car Dealerships, 7-Eleven, Gas Station & a Retail Strip With IHOP Restaurant. • Tenants Have Great Signage & 3-4% Yearly Rent Increases • The Roof Was Recently Serviced & HVAC is Under 10 Years Old • High Traffic Counts: 47,060 + Vehicles Per Day

Additional URLs

Map of 132-136 W Sunrise Hwy, Freeport, NY, 11520

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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.