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197 S Service Rd

Plainview, NY 11803

$7,399,000

Warehouse For Sale  •  27,400 Sq Ft

Property Details

  • Property Type Warehouse
  • Total Building Size 27,400 Sq Ft
  • Lot Size 1.12 ac
  • Building Class C
  • Year Built 1968
  • Cap Rate 7.35 %
  • Tenancy Single
14 Transit Score
37 Walk Score

Description

Total land area is listed as 1.12 acres or 48,787 sf. The building's footprint is 27,400 sf plus almost 11,000 additional sf of finished mezzanine (additional retail space) providing 38,000 gross rentable sf of commercial retail space. The property is immediately adjacent to PC Richards and has DIRECT FRONTAGE and exposure facing The LONG ISLAND EXPRESSWAY.
The infamous "Ski Stop" occupied the building for over 30 Years and literally put this location on the map. Tremendous visibility, decent parking, new roof and air conditioning in conjunction with it's long term local history makes this a worthy investment. The asset has provided LONG TERM historical success... #1 rule in real estate....LOCATION LOCATION LOCATION!

Highlights

DIRECT FRONTAGE on the LONG ISLAND EXPRESSWAY
Well known throughout Long Island as the "go-to" place for skiiers and winter apparel as well as bikes, patio furniture and outdoor recreation
Operating same business model for over 40 years under the same roof

Property Flyers

Financial Summary

Cap Rate: 7.35 %

Major Tenants

Tenant SF Occupied Lease End Date
Sun & Ski Sports 28,000 SF 3/31/2022

Amenities

  • Air Conditioning
  • Security System
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Bethpage Station Commuter Rail (Ronkonkoma Branch) 10 min - 5.1 mi
Farmingdale Station Commuter Rail (Ronkonkoma Branch) 11 min - 5.6 mi
AirportDriveWalkDistance
Long Island MacArthur Airport 27 min - 19.4 mi
La Guardia Airport 32 min - 26.6 mi
John F. Kennedy International Airport 36 min - 29.6 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Eric Wolf 561-445-1550 Wolf Realty Corp.
Eric Wolf 561-445-1550 Wolf Realty Corp.