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201 Higbie Ln

West Islip, NY 11795

$568,000

Medical For Sale  •  3,000 Sq Ft

Property Details

  • Property Type Medical
  • Total Building Size 3,000 Sq Ft
  • Lot Size 0.08 ac
  • Building Class B
  • Year Built 2017
  • Cap Rate 11.58 %
  • Tenancy Multiple
  • Zoning BUS1
0 Transit Score
72 Walk Score

Description

Brand New Everything!!! Energy Efficient Lighting A/C, Siding, Roof, 3 Brand New Bathrooms, Electric++++. Located On Heavily Traffic Higbie Lane; Daily Traffic Count  25,000. High 11.5' Ceilings. Location, Location, Location!!! Higbie Lane Is Said To Be "The Heart Of West Islip". Move In Ready. With 2/3 Units Rented 201 Higbie Lane Still Has Room For An End-User!!! Previously Occupied By 3 Separate Law Practices 201 Higbie Lane Has Been Completely Renovated. From Her Excellent Signage To Her Central Location In The Heart Of Town, Strengths Can Be Seen Across The Board. This Prominent Street Retail Building Can Be Home To A Multitude of Businesses Including But Not Limited To Insurance Offices, Physicians, Architects, Tailors, Barbers, Hairdressers, Convenience Store, Liquor Store, Jewlery Store, Clothing Boutiques, Electronics Shop, Electronics Repair, Real Estate Offices, Law Offices+++.

The Front Left Unit (500 Sqft.) Is Rented To Eva Spa For $1,500 Per Month (Lease Exp. 8/1/23), 3% Ann. Inc. Eva Spa Pays An Additional $50 Per Month For Oil, They Pay For All Utilities Except Water).
The Front Right Unit + The Basement Is Available For The New Owner.
The Rear Unit Was Just Rented For $1,850 Per Month (1 Year Lease).
All Units Can Be Combined.

201 Higbie Lane Is Located On Higbie Lane Just North of The Tracks

Highlights

Brand New Everything!!! Energy Efficient Lighting A/C, Siding, Roof, 3 Brand New Bathrooms, Electric++++
Located On Heavily Traffic Higbie Lane; Daily Traffic Count 25,000
High 11.5' Ceilings. Location, Location, Location!!! Higbie Lane Is Said To Be "The Heart Of West Islip"
The Property Features Excellent Signage
The Front Left Unit (500 Sqft.) Is Rented To Eva Spa For $1,500 Per Month (Lease Exp. 8/1/23), 3% Ann. Inc. & Pays An Additional $50 Per Month For Oil
All Units Can Be Combined

Financial Summary (Proforma)

Net Operating Income: $61,809 (2019)
Cap Rate: 11.58 %
Total Expenses: $12,591

Major Tenants

Tenant SF Occupied Lease End Date
Eva Spa 500 SF 8/31/2023
Front Right 1,400 SF
Rear Unit 762 SF 8/31/2019

Amenities

  • Air Conditioning
  • Commuter Rail
  • Dry Cleaner
  • Signage
  • Storage Space

Public Transportation

Commuter RailDriveWalkDistance
Babylon Station Commuter Rail (Montauk Branch, Babylon Branch) 3 min - 1.3 mi
Bay Shore Station Commuter Rail (Montauk Branch) 7 min - 3.3 mi
AirportDriveWalkDistance
Long Island MacArthur Airport 23 min - 14.9 mi
John F. Kennedy International Airport 38 min - 32.6 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Matthew Shane 516-279-8828 All Island Commercial
Matthew Shane 516-279-8828 All Island Commercial