356-370 Sunrise Hwy
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356-370 Sunrise Hwy
18,688 SF 100% Leased Retail Building West Babylon, NY 11704 $4,245,029 CAD ($227 CAD/SF)
Investment Highlights
- High Traffic Location
- Retail + Office
Executive Summary
Unlock the potential of this unique and versatile property situated in a high-traffic area of West Babylon on Sunrise Highway. Spanning over 48,951 sq. ft., which includes additional parcel to the west. This commercial property offers a remarkable opportunity for investors or developers seeking to capitalize on a prime location with substantial growth potential. The main building features 6 ground-floor storefronts of varying sizes, previously occupied by diverse businesses such as a yoga studio, mattress store, law firm, and doctor's office. This variety showcases the building's flexibility for a range of retail or service-oriented uses. The rear of the building has a 16-foot high garage door with an attached office space that provides an ideal setup for automotive businesses like tinting or detailing. This addition enhances the property's functionality and appeal. The second floor includes 9 adaptable suites, ranging from single-room to four-room configurations, with the potential for expansion. Common bathrooms on this level add to the convenience for tenants or occupants. Included in the purchase is a freestanding house, commercially zoned, adding further value and flexibility to the property portfolio. The property boasts substantial parking space at the rear, accommodating both customers and tenants with ease. Benefit from a daily traffic count of 76,000 vehicles, ensuring high visibility and consistent footfall. With its expansive lot and strategically located position, this property offers significant opportunities for redevelopment or enhancement. The existing building's versatile layout, combined with the commercially zoned house (just west), provides a solid foundation for various business ventures or residential conversions. Whether you're looking to maintain the current use, explore redevelopment options, or lease out individual spaces, this property represents an excellent investment opportunity. The combination of high traffic exposure, diverse existing spaces, and development potential makes it a valuable asset in a thriving commercial area.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
18,688 SF
Building Class
C
Year Built
1956
Price
$4,245,029 CAD
Price Per SF
$227 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.50
Land Acres
0.85 AC
Zoning
EB
Parking
40 Spaces (2.4 Spaces per 1,000 SF Leased)
Frontage
169 ft on Sunrise Hwy
Amenities
- Freeway Visibility
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 0100-156-00-04-00-006-000 | Improvements Assessment | $22,005 CAD |
Land Assessment | $8,026 CAD | Total Assessment | $30,031 CAD |
PROPERTY TAXES
Parcel Number
0100-156-00-04-00-006-000
Land Assessment
$8,026 CAD
Improvements Assessment
$22,005 CAD
Total Assessment
$30,031 CAD
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356-370 Sunrise Hwy
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