2 Larkfield RdEast Northport, NY 11731

Property Details for 2 Larkfield Rd

Lot size

0.37 AC

Zone code

I5

Property type

Investment properties

Property subtype

Live-work space

APN

0400-120.00-01.00-011.000

APU

400120000100011000

Description

This exceptional mixed-use storefront property, located at 2 Larkfield Rd in East Northport, NY 11731, presents a compelling investment opportunity. Currently boasting 90% occupancy, this building offers a strong, stable income stream. The property features a recently renovated facade (completed in 2024), ensuring a modern and attractive exterior. The roof was also replaced in 2021 and comes with a 10-year warranty, minimizing future maintenance concerns. Situated in Suffolk County, this prime location provides excellent visibility and accessibility for businesses. The property's mixed-use zoning allows for a variety of potential uses, enhancing its long-term value and flexibility. This is an ideal investment for those seeking a stable, high-yield retail property with recent upgrades and a strong tenant base. The property's address is easily accessible via major roadways, ensuring convenient access for both customers and employees. The building's solid construction and recent improvements contribute to its overall desirability and potential for continued growth. This turnkey investment requires minimal immediate capital expenditure, allowing for a quick return on investment. Detailed financial information and lease agreements are available upon request. Don't miss this chance to acquire a well-maintained, high-performing retail property in a thriving East Northport location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,664,622

  6.5%

  $2,459,651

  7%

  $2,283,961

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,105,847

  Geo Method

  $2,105,847

• Alternative Use

  Use

  Valuation

  Residential

  $3,049,967

  Hospitality

  $2,793,753

  Educational

  $2,324,370

  Medical

  $2,404,308

  Retail

  $3,615,686

Location Insight

City

East Northport

County

Suffolk

State

New York

Latitude

40.8805

Longitude

-73.3262

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].