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$3,500,000
20 Medford Ave, Patchogue, NY
Real Estate
For Sale
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0040
- Key Facts
- Description
- Map
Key Facts
Type Office
Levels Commercial Sale
Size -
Garage No
Maintenance Fees
Taxes $63,054
Days Active 14
Approx. Age 1963
MLS® Number 889659
Property Address:
Average square foot calculated using Size range provided by listing agent.
Description
Calling All Investors, Developers & End-Users!!! 9.69 Cap 23, 500+ Sqft. 18 Unit Office Building On A 1+ Acre Lot For Sale!!! The Building Features Excellent Signage, Great Exposure, Business (D1) Zoning, 40 Parking Spaces, Private Parking Lot, High 12’ Ceilings, Conference Rooms, Separate Meters, Strategically Placed Curb Cuts, 7, 000 Sqft. Basement With 12’ Ceilings, Ramp, 2, 200 Sqft. Barn, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Patchogue On Route 112 Just Off Montauk Hwy.!!! The Property Is Situated Only Minutes From Sunrise Hwy.(Route 27)!!! Neighbors Include Jeep-Dodge-Ram, Honda, TD Bank, FourLeaf Federal Credit Union, ShopRite, Raymour & Flanigan, 7-Eleven, Lowe’s Home Improvement, Taco Bell, McDonald’s, Buffalo Wild Wings, Shell, Sherwin-Williams, Aboff’s Paints, Boost Mobile, Ben & Jerry’s, Carvel, Jiffy Lube, Lidl, +++!!! The Building Has 196’ Of Frontage On Busy Route 112!!! This Property Has A Daily Traffic Count Of 24, 000+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Brookhaven Memorial Nurses (253 Sqft.): $7, 980 Ann.; Lease Exp.: 4/30/25. Monica Spengler Photo (337 Sqft.): $9, 540 Ann.; Lease Exp.: 2/28/25. ALN1 Multiple Services (216 Sqft.): $6, 900 Ann.; Lease Exp.: 11/30/25. Elise Holloway (165 Sqft.): $5, 520 Ann.; Lease Exp.: 7/31/25. Essential Body Work (318 Sqft.): $9, 300 Ann.; Lease Exp.: 9/30/25. Medical Message Therapy (475 Sqft.): $10, 560 Ann.; Lease Exp.: 10/31/25. Q Footcare Of LI (222 Sqft.): $8, 988 Ann.; Lease Exp.: 8/31/25. MSG Lawn Care (225 Sqft.) $8, 988 Ann.; Lease Exp.: 1/31/26. Shaquana Redwine (518 Sqft.): $7, 800 Ann.; Lease Exp.: 4/30/25. Juan Carlos Pabon (216 Sqft.): $6, 600 Ann.; Lease Exp.: 5/31/25. Parlay Distributers (792 Sqft.): $27, 000 Ann.; Lease Exp.: 8/31/27. QMR Billing Services (697 Sqft.): $14, 340 Ann.; Lease Exp.: 5/31/25. Mindforce Consulting (237 Sqft.): $5, 988 Ann.; Lease Exp.: 9/30/25. Suffolk Taxi (169 Sqft.): $5, 400 Ann.; Lease Exp.: 3/31/25. Kitty Enterprise (295 Sqft.): $9, 000 Ann.; Lease Exp.: 1/31/26. MVP WorldWide Logistics (800 Sqft.): $12, 240 Ann.; Lease Exp.: 8/31/25. Van Valen Associates LTD (394 Sqft.): $15, 300 Ann.; Lease Exp.: 2/28/25. Utility Workers Union Of America (1734 Sqft.): $26, 100 Ann.; Lease Exp.: 2/28/25. Print/Media Company (4, 000 Sqft.): $120, 000 Ann. LL (7, 000 Sqft. With 12’ Ceilings): $98, 000 Ann. (Available) Barn (2, 200 Sqft.): $42, 000 Ann. (Available) Pro Forma Gross Income: $457, 544 Ann. Expenses: Electric: $26, 681 Ann. Gas: $13, 561 Ann. Insurance: $8, 620 Ann. Maintenance & Repairs: $250 Ann. Water: $860 Ann. Garbage: $1, 200 Ann. Snow & Landscape: $2, 000 Ann. Taxes: $78, 702.15 Ann. Total Expenses: $118, 313.15 Ann. Net Operating Income (NOI): $339, 230.85 Ann. (Pro Forma 9.69% Cap!!!)Show Description
MLS® Number889659
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1963
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatNatural Gas
A/CCentral Air
Heating Fuel
Extras
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