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402 Main St

3,129 SF 100% Leased Retail Building Port Jefferson, NY 11777 £835,056 (£267/SF) 5.61% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Corner Storefront on Main Street with 5 private parking spaces.
  • Located in the heart of Port Jefferson Village.
  • Lots of natural light through skylights and windows.
  • Port Jefferson train station less than 5 minute drive.

EXECUTIVE SUMMARY

This exceptional mixed-use property is an unparalleled opportunity for investors or owner-occupants seeking a vibrant location in the heart of Port Jefferson Village. Perfectly situated on Main Street, this building offers high visibility and foot traffic, making it ideal for retail and residential purposes. This building offers a Storefront: with a spacious and versatile retail space, ready to attract local and tourist shoppers. A one-bedroom apartment: Comfortable living space for singles or couples. A two-bedroom apartment: Perfect for families or roommates seeking convenience and charm. A Private Parking Lot: Ample off-street parking, a rare find in the village. Prime Location: Minutes from the Port Jefferson train station and ferry terminal, ensuring excellent connectivity for residents and visitors alike. This property offers a blend of modern convenience and historic charm, nestled in one of Long Island's most picturesque and vibrant downtown areas. Don't miss this rare investment opportunity! Contact us today to schedule a viewing or for more information!

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,129 SF
Building Class
C
Year Built
1970
Price
£835,056
Price Per SF
£267
Net Initial Yield
5.61%
NOI
£46,811
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.60
Lot Size
0.12 AC
Zoning
Commerical - a set of laws that regulate the use of land for business purposes in Suffolk County.
Parking
5 Spaces (1.6 Spaces per 1,000 SF Leased)
Frontage
26 ft on Main St

AMENITIES

  • 24 Hour Access
  • Skylights
  • Tenant Controlled HVAC
  • Air Conditioning
  • Smoke Detector
Walk Score®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Dime Community Bank
Starbucks
Chase Bank
IHOP
  • Listing ID: 34048538

  • Date on Market: 02/12/2024

  • Last Updated:

  • Address: 402 Main St, Port Jefferson, NY 11777

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