Property Description
Calling all investors, developers & end-users!!! 8. 48 cap 2 unit corner retail building in historic saint james for sale!!! The property is located in the heart of saint james 2 blocks from the saint james lirr station!!! The building features excellent signage, great exposure, strong central business zoning, 8 parking spaces, high ceilings, private driveway parking, all new led lighting, cac+++!!! The 3, 920 sqft. Corner building has 54+ feet of frontage on lake avenue & 106+ sqft. On 3rd street!!! Neighbors include starbucks, usps, mercedes, lexus, acura, kia, toyota, jeep-dodge-ram, chevrolet, mazda, td bank, king kullen, 7-eleven, dunkin', whole foods, costco, bp gas, lowe's, trader joe's, macy's, +++!!! This property offers huge upside potential!!! This could be your next investment property or home for your business!!! Income: bike shop (2, 300 sqft. ): $57, 600 ann. ; 3% ann. Inc. Starting 7/1/26. Lease exp. 6/30/28. Office / storefront (1, 620 sqft. ): $37, 200 ann. (available) total gross income: $94, 800 ann. Expenses: gas: $0 ann. (tenant pays) electric: $0 ann. (tenant pays) water: $0 ann. (tenant pays) maintenance & repairs: $1, 500 ann. Insurance: $5, 000 ann. Taxes: $20, 578. 86 ann. Total expenses: $27, 078. 86 ann. Net operating income (noi): $67, 721. 14 ann. (pro forma 8. 48 cap!!! ) , or
Property Information
| Location/Town | Saint James |
| Area/County | Suffolk |
| Prop. Type | Commercial Sale |
| Tax | $20,579.00 |
| Year Built | 1946 |
| Total Units | 2 |
| Lot SqFt | 3,920 |
| Zoning | Commercial |
| Tax Lot | 814 |
| Units | 2 |
| Listing information courtesy of: All Island Estates Realty Corp | |
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