For Sale
$1,700,000

72 Terry StPatchogue, NY 11772

Profitable Auto Shop, High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 3,400 square foot auto repair shop, located at 72 Terry Street in Patchogue, New York, presents a rare investment opportunity. The property, situated on a 0.26-acre lot, boasts six bays (all replaced within the last four years), a spacious front office area, and 14-foot ceilings. The building underwent a complete renovation in 2020, including a new roof. Included are two inground semi-hydraulic lifts (five years old), a Coats balancer and alignment machine, and a compressor (five years old). Currently, the owner occupies four bays and leases two bays month-to-month, generating $2,500 in monthly rental income. The tenant's continued occupancy provides substantial income exceeding taxes and maintenance costs. The D5 Business District zoning allows for diverse uses. The property benefits from excellent visibility, adjacent to a large municipal parking lot and directly across from the soon-to-be-neighboring NYU Langone Medical Center. A clean environmental report (Phase 1 & 2 completed five years ago) confirms the absence of underground tanks and EPA issues. The asking price is $1,700,000 ($500/sq ft). Owner financing is available. There's potential for expansion, with the ability to build an additional 45 feet to the curb. Inspection equipment is available for purchase at an additional cost. Parking for ten vehicles is available on-site. The property is located in Suffolk County, NY, zip code 11772.

Highlights

  • Immaculate 3,400 SF auto repair shop on a 0.26-acre lot in Patchogue, NY.
  • Six bays with new garage doors (replaced within the last four years).
  • Two inground semi-hydraulic lifts and a Coats balancer & alignment machine.
  • Compressor (five years old).
  • High-visibility location adjacent to a municipal parking lot and across from NYU Langone Medical Center.

Property Details for 72 Terry St

Property type
Retail properties, Auto shops
Square Feet
3,400 SF
Year Renovated
2020
Stories
1
Lot Size (sq. ft)
11,326 SF

Location Insight

City
Patchogue
County
Suffolk
State
New York
Latitude
40.764336
Longitude
-73.0111199
72 Terry St, Patchogue, New York

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72 Terry St
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