For more information regarding the value of a property, please contact us for a free consultation.
410 Lake AVE Smithtown, NY 11787
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $725,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 840668
Sold Date 08/05/25
Rental Info No
Year Built 1950
Annual Tax Amount $13,920
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Business
Source onekey2
Property Description
Calling All Investors, Developers & End-Users!!! 10.4 Cap 1,950 Sqft. Free Standing Building With WET Use + Private Parking Lot On Lake Avenue 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, Central Business Zoning, 25 Parking Spaces, High 10' Ceilings, Private Driveway & Parking, Sprinklers, Security System, Strategically Placed Curb Cuts, Accessible Parking & Bathrooms, All New LED Lighting, CAC+++!!! The Building Has 54+ Feet Of Frontage On Busy Lake Avenue!!! Neighbors Include Starbucks, USPS, Mercedes, Lexus, Acura, Kia, Toyota, Jeep-Dodge-Ram, Chevrolet, Mazda, Fairfield Properties, Capital One Bank, TD Bank, King Kullen, 7-Eleven, Dunkin', Whole Foods, Costco, BP Gas, Lowe's, Trader Joe's, Macy's, +++!!! As Per The Seller The Building Has Air Rights Up To 35'!!! The Entire Building Will Be Delivered Vacant!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Storefront (1,950 Sqft.): $78,000 Ann. NNN
Total Gross Income: $78,000 Ann.
Expenses:
Gas: $0 Ann. (NNN Lease)
Electric: $0 Ann. (NNN Lease)
Water: $0 Ann. (NNN Lease)
Maintenance & Repairs: $0 (NNN Lease)
Insurance: $0 (NNN Lease)
Taxes: $14,268 Ann. (Tenant Pays, NNN Lease)
Total Expenses: $0 Ann.
Pro Forma Net Operating Income (NOI): $78,000 Ann. (10.4 Cap!!!)
Reply, Reply All or Forward
Attach
Add GIF
Add stationery
Location
State NY
County Suffolk County
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Exterior
Utilities Available Natural Gas Connected
Total Parking Spaces 25
Building
Story 1
Sewer Other
Water Public
Structure Type Brick,Frame
Others
Special Listing Condition None
Read Less
Bought with Signature Premier Properties