Commercial Street Retail/Office/Wet w/ 1 Bedroom Apartment *Owner Financing

For Sale Contact for pricing

5 Mastic Rd, Mastic Beach, NY 11951

  • Mixed Use
  • Office / Retail / Residential

Learn everything you need to know about Commercial Street Retail/Office/Wet w/ 1 Bedroom Apartment *Owner Financing with CommercialCafé! We offer extensive information on space availability, rental rates, and the structural characteristics of this Mixed Use property. Brokered by Hampton Estates Realty this property is currently off the market.

Browse listings in the nearby zip codes

Details

  • Sale Price Contact for pricing
  • Address 5 Mastic Rd, Mastic Beach, NY 11951
  • City Mastic Beach
  • Neighborhood Mastic Beach Town
  • Zip Code 11951
  • Market Long Island
  • Property Type Mixed Use
  • Property Subtype Office / Retail / Residential
  • Property Status Existing
  • Building Size 1,600 Sqft
  • Lot Size 9148 Acre
  • Building Class D
  • Year Built 1982
  • Year Renovated 2017

Description

Commercial Retail Free Standing w/ 1 Bedroom Apt.

Price $149,000 Commission Split 2%
Building Size 1,510 SF Occupancy 0%
Price/SF $98.68 No. Stories 1
Property Type Retail Tenancy Multiple
Property Sub-type Free Standing Bldg Year Built 1973
Property Use Type Investment Lot Size 9,148 SF

Description

Property Desc:Best Value Priced Opportunity To Own A Rare Multi Unit Prime Highway Commercial Property. Rear 1 Bedroom Apartment And Street Facing Retail. Off Street Customer Parking. East Side Of A Double Yellow Highway. Steps Away From Hard Corner W/ High V.P.D. For Signage Exposure. Multi Unit Condos Under Construction Nearby. End User Or Investor Ready. 

Bring Offers.Price negotiable.

Strong Commercial financial Investments witnessed with New Construction and Expansion in existing construction through out area Commercial corridors. New Construction of Multi Unit Residential within 1 mile. Minutes to Smith Point Beach.

Highlights

  • Mixed Use Opportunity
  •  
  • Perfect for End User or Investor / Experienced or Beginner
  • Free Standing w/ Rear Parking
  •  
  • Separate Electric Meters
  • Signage Exposure / Feet from Hard Corner Intersection
  •  
  • Across From Convenience Market

Financial Summary (Proforma)

Year 2017 Operating Expenses $6,000
Scheduled Gross Income $27,600

Debt & Equity Information

Debt Type Existing Due In 30
Loan Amount $119,200 Annual Debt Service $15,408
Interest Rate 4% Down Payment $29,800
Amortized Over 30 Loan Description Commercial Lending with 20% Down

Highlights

  • Parking Type - UnReserved
  • Parking Ratio - 6.00 / 1,000 SF
  • Construction Type - Frame
  • Property Tenancy - Multi-Tenant
  • 2 Units (1 ) Commercial & (1) Residential
  • Separate Entrances / Separate Electric Meters
  • Off Street Parking
  • Excellent Cash on Cash return

Mastic Beach Demographics

Population

  • Total Population13,957
  • Male Population(49.7 %) 6,934
  • Female Population(50.3 %) 7,023
  • Percent Change Since 20008.1 %
  • Percent Change Since 20100.9 %
  • Median Age34.54

Income/Financial

  • Average Household Income$67,278
  • Median Household Income$69,194
  • Median Income Under 25$75,291
  • Median Income 25-44$73,295
  • Median Income 45-64$71,411
  • Median Income Over 65$38,558
  • Percent Increase/Decrease in Income Since 200045.0 %
  • Percent Increase/Decrease in Income Since 20104.0 %
  • Average Household Net Worth$573,130
  • Median Home Sale Price$108,405
  • Sales Tax Rate8.6 %
  • Sales Tax TypeCO
  • Average Household Total Expenditure$53,513

Other Amenities

  • AirportLong Island MacArthur (14 miles)
  • Junior CollegeSUFFOLK COUNTY COMM COLLEGE-EASTERN (10 miles)
  • UniversityLONG ISLAND UNIVERSITY AT RIVERHEAD (10 miles)
  • Sports TeamNew York Islanders (40 miles)
See more Mastic Beach Demographics data

Property Contact

Management Company

Hampton Estates Realty