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Office Medical

Auction - Signalized Hard Corner 7,250 SF Medical Office | 61% Occupied | Suffolk County MSA

800 Broadway Ave, Holbrook, NY 11741

Listing Price: $200,000

Gross SF
7,250
Rentable SF
7,250
Price/Gross SF
$27.59
Occupancy
100.0%
Year Built
1972
Lot Size
0.46 acres

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace

Marcus & Millichap and RI Marketplace are proud to present 800 Broadway Avenue (the "Property"), a commercial building located in Holbrook, NY. Built in 1972, the Property is improved with a one-story, free-standing, multi-tenant building totaling ±7,250 square feet. The Property is strategically positioned on a signalized corner parcel totaling 0.46 acres. This property has ample parking in the rear with 24 total spaces and the roof was resurfaced 3 years ago. Heat is electric and each tenant is separately metered. The Property is currently 61.5% occupied by several medical tenants and offers potential investors the opportunity to acquire a property with significant value add through lease renewals at long term market rates. Both ground floor tenants will execute a 5-year lease upon closing. The subject property is ideally located in close vicinity to an Amazon distribution center, Stop & Shop anchored center, and a Costco anchored center.

Holbrook is located in central Suffolk County, on Long Island, approximately 50 miles east of New York City. The Property offers direct frontage on Broadway Avenue (±9,125 VPD) just north of Veterans Memorial Highway/Route 454 (28,724 VPD) with easy access to Long Island’s vast commuter network. Roads that pass-through Holbrook include I-495 (Long Island Expressway), New York State Route 454, New York State Route 27, CR-19, CR-19A, CR-18, CR-97, CR-16, and Lincoln Avenue. Holbrook is accessible on the Ronkonkoma Branch of the Long Island Railroad. Long Island’s MacArthur Airport is approximately three miles from Holbrook. The Property is positioned in an area that serves ±80,000 people with an AHHI well over $141,000 within a 3-mile radius and ±190,584 people with an AHHI of $131,102 within a 5-mile area.

Investment Highlights

  • STARTING BID $200,000 | Signalized Hard Corner 7,250 SF Medical Office | 61% Occupied | Suffolk County MSA | AUCTION MARCH 4-6, 2024
  • 7,250 SF Multi-Tenant Commercial Building with Ample 24 Parking Spaces
  • Projected NOI = $88,812, Both Ground Floor Tenants will Execute 5 Year Leases Upon Closing
  • Nearby Retail, Amenities: Stop & Shop Anchored Center, Costco, Target, 7-Eleven, numerous Restaurant Tenants, and more
  • Highly Visible Signalized Location With 9,125 VPD on Broadway Ave and Just North of State Route 454 With 28,724 VPD
  • Nearby Demand Drivers include Amazon Distribution Center, Long Island MacArthur Airport (ISP), and Established Residential
  • Strong 2023 Demographics with Three Mile Population of ±81,190 and Average Household Income Over ±$141,000

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s) NY: 10311204479

    New York

Office Medical

Auction - Signalized Hard Corner 7,250 SF Medical Office | 61% Occupied | Suffolk County MSA

Listing Price: $200,000

Gross SF
7,250
Rentable SF
7,250
Price/Gross SF
$27.59
Occupancy
100.0%
Year Built
1972
Lot Size
0.46 acres

Investment Highlights

  • STARTING BID $200,000 | Signalized Hard Corner 7,250 SF Medical Office | 61% Occupied | Suffolk County MSA | AUCTION MARCH 4-6, 2024
  • 7,250 SF Multi-Tenant Commercial Building with Ample 24 Parking Spaces
  • Projected NOI = $88,812, Both Ground Floor Tenants will Execute 5 Year Leases Upon Closing
  • Nearby Retail, Amenities: Stop & Shop Anchored Center, Costco, Target, 7-Eleven, numerous Restaurant Tenants, and more
  • Highly Visible Signalized Location With 9,125 VPD on Broadway Ave and Just North of State Route 454 With 28,724 VPD
  • Nearby Demand Drivers include Amazon Distribution Center, Long Island MacArthur Airport (ISP), and Established Residential
  • Strong 2023 Demographics with Three Mile Population of ±81,190 and Average Household Income Over ±$141,000

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace Marcus & Millichap and RI Marketplace are proud to present 800 Broadway Avenue (the "Property"), a commercial building located in Holbrook, NY. Built in 1972, the Property is improved with a one-story, free-standing, multi-tenant building totaling ±7,250 square feet. The Property is strategically positioned on a signalized corner parcel totaling 0.46 acres. This property has ample parking in the rear with 24 total spaces and the roof was resurfaced 3 years ago. Heat is electric and each tenant is separately metered. The Property is currently 61.5% occupied by several medical tenants and offers potential investors the opportunity to acquire a property with significant value add through lease renewals at long term market rates. Both ground floor tenants will execute a 5-year lease upon closing. The subject property is ideally located in close vicinity to an Amazon distribution center, Stop & Shop anchored center, and a Costco anchored center. Holbrook is located in central Suffolk County, on Long Island, approximately 50 miles east of New York City. The Property offers direct frontage on Broadway Avenue (±9,125 VPD) just north of Veterans Memorial Highway/Route 454 (28,724 VPD) with easy access to Long Island’s vast commuter network. Roads that pass-through Holbrook include I-495 (Long Island Expressway), New York State Route 454, New York State Route 27, CR-19, CR-19A, CR-18, CR-97, CR-16, and Lincoln Avenue. Holbrook is accessible on the Ronkonkoma Branch of the Long Island Railroad. Long Island’s MacArthur Airport is approximately three miles from Holbrook. The Property is positioned in an area that serves ±80,000 people with an AHHI well over $141,000 within a 3-mile radius and ±190,584 people with an AHHI of $131,102 within a 5-mile area.

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s): NY: 10311204479

    New York

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