3124-3126 Jericho TpkeElwood, NY 11731

Property Details for 3124-3126 Jericho Tpke

Lot size

10.87 AC

Property type

Retail space

APN

0400-215.00-02.00-056.004

APU

400215000200056004

Description

Huntington Square Plaza, a thriving retail center situated in East Northport, NY (Town of Huntington), offers an exceptional opportunity. This established shopping center boasts a total of 47,006 square feet and is currently 100% leased. The property enjoys a highly desirable location on Long Island, approximately 30 miles east of New York City, providing excellent accessibility and visibility. Key anchors include a Stop & Shop grocery store and a Best Buy, drawing significant foot traffic and creating a strong synergy for all tenants. The plaza benefits from a robust demographic profile, with nearly 75,000 residents residing within a 3-mile radius. This affluent community boasts an average household income exceeding $186,000, indicating substantial consumer spending power. Currently, one retail space is available, presenting a unique chance to establish or expand a business within this successful and well-established shopping center. The property's strategic location, strong anchors, and affluent surrounding community make it an ideal investment for discerning businesses seeking a prime retail location on Long Island. This is a rare opportunity to secure space in a highly sought-after retail destination. Inquire today for details on the available space and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $89,570,500

  6.5%

  $82,680,500

  7%

  $76,774,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $64,341,800

  Geo Method

  $64,341,800

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $161,235,000

  Mixed-Use / Specialty

  $82,385,700

  Hospitality / Lodging

  $60,443,800

  Office

  $81,896,300

  Institutional / Educational

  $85,647,900

  Residential Income

  $100,208,000

  Multifamily

  $120,184,000

  Automotive / Energy

  $73,412,500

  Parking / Income-Based Land

  $25,333,800

  Restaurant / Food Service

  $42,849,400

  Healthcare / Senior Housing

  $84,485,000

Location Insight

City

East Northport

County

Suffolk

State

New York

Latitude

40.8387

Longitude

-73.3186

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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