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Mixed-Use

51 South Street

51 South St, Oyster Bay, NY 11771

Listing Price: $1,299,000

Cap Rate
3.78%
Occupancy
100.0%

Investment Overview

Marcus & Millichap is proud to present 51 South Street, a mixed-use property located in Oyster Bay, NY. The subject property rests on a 0.24-acre parcel with approximately 3,611 square feet of space.
This property has on-site parking and is in the heart of Oyster Bay. There are two buildings on South St and additional parcel with access from White St. The property has been operated as boat and car mechanic shop for the past 50 years. The front building is retail on the 1st floor and with an apartment on the 2nd floor. Crawl space basement and access to attic from apartment. The back building is a repair shop with two lifts, 2nd floor for storage, gas heat, 200-amp electric, rear access from White St, and back and front 18ft roll up doors. Each building has own electric/gas meters. Owner rents the lot north on South St for additional storage space. This property is ideally located near numerous national retailers like Carvel, Bank of America, 7 Eleven, Speedway Gas, Stop & Shop and much more.
The area demographics paint a picture of opportunity – over 74,000 people live within a five miles radius and an average household income is well over $216,201. Additional information is available upon request.

Investment Highlights

  • The subject property rests on a 0.24-acre parcel with approximately 3,611 square feet of space.
  • The property has been operated as boat and car mechanic shop for the past 50 years.
  • The front building is retail on the 1st floor and with an apartment on the 2nd floor. The back building is a repair shop with two lifts, 2nd floor for storage, gas heat, 200-amp electric, rear access

Exclusively Listed By

  • Michael Tuccillo

    Licensed Associate Real Estate Broker

    (212) 430-5196

    Email Michael

    License(s): NY: 10301217094, NY: 10491208938

    Manhattan

Mixed-Use

51 South Street

Listing Price: $1,299,000

Cap Rate
3.78%
Occupancy
100.0%

Investment Highlights

  • The subject property rests on a 0.24-acre parcel with approximately 3,611 square feet of space.
  • The property has been operated as boat and car mechanic shop for the past 50 years.
  • The front building is retail on the 1st floor and with an apartment on the 2nd floor. The back building is a repair shop with two lifts, 2nd floor for storage, gas heat, 200-amp electric, rear access

Investment Overview

Marcus & Millichap is proud to present 51 South Street, a mixed-use property located in Oyster Bay, NY. The subject property rests on a 0.24-acre parcel with approximately 3,611 square feet of space. This property has on-site parking and is in the heart of Oyster Bay. There are two buildings on South St and additional parcel with access from White St. The property has been operated as boat and car mechanic shop for the past 50 years. The front building is retail on the 1st floor and with an apartment on the 2nd floor. Crawl space basement and access to attic from apartment. The back building is a repair shop with two lifts, 2nd floor for storage, gas heat, 200-amp electric, rear access from White St, and back and front 18ft roll up doors. Each building has own electric/gas meters. Owner rents the lot north on South St for additional storage space. This property is ideally located near numerous national retailers like Carvel, Bank of America, 7 Eleven, Speedway Gas, Stop & Shop and much more. The area demographics paint a picture of opportunity – over 74,000 people live within a five miles radius and an average household income is well over $216,201. Additional information is available upon request.

Exclusively Listed By

  • Michael Tuccillo

    Licensed Associate Real Estate Broker

    (212) 430-5196

    Email Michael

    License(s): NY: 10301217094, NY: 10491208938

    Manhattan

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