Office Space
996 West Jericho Turnpike Smithtown, NY 11787
Details & Description
Price: $1,975,000
    SVN Stora Realty is proud to present this 7054 SF +- Office building for sale at $1,950,000.00 The first floor is available for occupancy and features 3,525 SF office space. The ground floor space includes six existing offices and a large open space in the center. The office also includes two handicap bathrooms, a kitchen area, a storage room, a drive thru window not currently in use, front and rear entrance, and access to 35 parking spots.This office location offers potential tenants a prime opportunity. The office is also surrounded by professional service businesses and medical buildings, and within walking distance to strong local and national retail businesses. Currently occupied by 5 tenants and offers leasing opportunity that would give the business operator the chance to have visible presence on a commuter turnpike in a desirable location.This asset is perfect for an owner/user/investor looking to build equity in a quality asset on Long Islands north shore, while occupying the first floor. Available square feet is 3,525. Existing income for the second floor tenant and cell phone towers give immediate positive cash flow to someone occupying the space.Potential exists to offset the purchase price by selling off the cell tower income.Current monthly rent payments from each tenant include:2nd floor CPA- $5,581.25AT&T- $2,722.26T-Mobile- $2,809.47Sprint- $2,737.58Optimum- $1,048.68Property Taxes are $38,458.20. The 3 cellular companies pay a portion of the annual property taxes at approximately $2,500-$3,000 each, equaling a total of $7,500-$9,000.
    Additional Photos
    Listing Agents
    Steven Stoehrer

    O: 929-343-5051
    M: 646-389-2305
    sstoehrer@svn.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    996 West Jericho Turnpike

    Smithtown, NY 11787

    Listing ID: 207163
    • 996 West Jericho Turnpike Smithtown, NY 11787 | for Sale | Photo 1
    • 996 West Jericho Turnpike Smithtown, NY 11787 | for Sale | Photo 2
    • 996 West Jericho Turnpike Smithtown, NY 11787 | for Sale | Photo 3
    • 996 West Jericho Turnpike Smithtown, NY 11787 | for Sale | Photo 4
    996 West Jericho Turnpike | for Sale | Thumbnail 1
    996 West Jericho Turnpike | for Sale | Thumbnail 2
    996 West Jericho Turnpike | for Sale | Thumbnail 3
    996 West Jericho Turnpike | for Sale | Thumbnail 4
    Building Size: 7,054 SF
    Lot Size: 1.350 AC
    Land Size: 58,806 SF
    Building $/SF: $279.98
    Land $/SF: $33.59
    Price
    $1,975,000
    Description

    SVN Stora Realty is proud to present this 7054 SF +- Office building for sale at $1,950,000.00 The first floor is available for occupancy and features 3,525 SF office space. The ground floor space includes six existing offices and a large open space in the center. The office also includes two handicap bathrooms, a kitchen area, a storage room, a drive thru window not currently in use, front and rear entrance, and access to 35 parking spots.

    This office location offers potential tenants a prime opportunity. The office is also surrounded by professional service businesses and medical buildings, and within walking distance to strong local and national retail businesses. Currently occupied by 5 tenants and offers leasing opportunity that would give the business operator the chance to have visible presence on a commuter turnpike in a desirable location.

    This asset is perfect for an owner/user/investor looking to build equity in a quality asset on Long Islands north shore, while occupying the first floor. Available square feet is 3,525. Existing income for the second floor tenant and cell phone towers give immediate positive cash flow to someone occupying the space.

    Potential exists to offset the purchase price by selling off the cell tower income.

    Current monthly rent payments from each tenant include:

    2nd floor CPA- $5,581.25

    AT&T- $2,722.26

    T-Mobile- $2,809.47

    Sprint- $2,737.58

    Optimum- $1,048.68

    Property Taxes are $38,458.20. The 3 cellular companies pay a portion of the annual property taxes at approximately $2,500-$3,000 each, equaling a total of $7,500-$9,000.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Yonkers History of Office Space for Sale

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    Smithtown Area Market Trends

    Listing Demographics for 996 West Jericho Turnpike Smithtown, NY 11787

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population10,64570,693204,797
    Population Median Age424240
    Population by Age0-9 Yrs1130 (10%)7076 (10%)22165 (10%)
    10-19 Yrs1455 (13%)9235 (13%)27947 (13%)
    20-29 Yrs1150 (10%)7959 (11%)24978 (12%)
    30-39 Yrs949 (8%)6775 (9%)23163 (11%)
    40-49 Yrs1290 (12%)8847 (12%)26386 (12%)
    50-59 Yrs1957 (18%)12533 (17%)34499 (16%)
    60-69 Yrs1191 (11%)8417 (11%)21974 (10%)
    70+ Yrs1522 (14%)9851 (13%)23686 (11%)
    Median HH Income$137,294$126,495$114,899
    Total Household Income< 24K218 (6%)1984 (8%)6137 (9%)
    25-49K301 (8%)2756 (11%)7559 (11%)
    50-74K318 (9%)2289 (9%)7073 (11%)
    75-99K367 (10%)2509 (10%)7159 (11%)
    100-199K1335 (39%)8664 (36%)22289 (34%)
    200K+827 (24%)5660 (23%)13559 (21%)
    Highest Education LevelNo Diploma304236214316
    Diploma or GED17361090534415
    Some College1092795723731
    Assoc. Degree642460611881
    Bachelors Degree16521281231040
    Higher Degree18981127726036
    Total Housing Units3,49725,07168,230
    --Owner-Occupied3,20621,09953,894
    --Renter-Occupied1612,7639,881
    Owner-Occupied Values< 100K69365921
    100-199K131571078
    200-299K665774700
    300-399K24927239401
    400-499K1053743615378
    500K+1756984122416
    Total Working Age Population8,72058,024165,738
    In Work Force5,52337,268108,032
    Not In Work Force3,19620,75657,706
    Workforce Employed5,35636,077104,387
    Workforce Unemployed1661,1843,612
    Civlian Workforce5,52137,260107,999
    Military Workforce2833
    Total Households3,36723,86263,775
    Family Households2,92518,28649,571
    Non-Family Households4425,57614,204
    Married Couple2,54215,89339,996
    Other Family3832,3939,575
    Married w/Child1,0926,93816,948
    Single Male w/Child172361,254
    Single Female w/Child644622,411

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    New York18,976,457+219,378,102+420,146,131+220,604,030
    Suffolk County1,419,369+51,493,35001,497,391-11,488,885

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 996 West Jericho Turnpike in Smithtown?
    The asking price for 996 West Jericho Turnpike is $1,975,000
    What is the building size of this Office property in Smithtown, NY?
    The size of the building/unit at 996 West Jericho Turnpike in Smithtown is 7,054 square feet
    How much land does the Smithtown, NY property at 996 West Jericho Turnpike include?
    996 West Jericho Turnpike in Smithtown includes 1.350 acres of land
    What kind of Office is the propery at 996 West Jericho Turnpike?
    The property at 996 West Jericho Turnpike Smithtown, NY 11787 is listed as a Professional Office property
    What is the population within 1 mile of 996 West Jericho Turnpike in Smithtown?
    The population within 1 mile of 996 West Jericho Turnpike Smithtown, NY 11787 is 10,645 people.
    Who do I contact for questions about 996 West Jericho Turnpike?
    You should contact the listing agent, Steven Stoehrer, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    John F Kennedy International Airport (JFK) 31
    La Guardia Airport (LGA) 33
    Newark Liberty International Airport (EWR) 49