120-126 Laurel Road

East Northport, NY 11731

Calling All Investors, Developers & End-Users!!! 7.96 Cap 100% Occupied 7 Unit 6,400 Sqft. Shopping Center Near The Northport LIRR Station For Sale!!! The Building Features Excellent Signage, Great Exposure, 23 Parking Spaces, High 10’ Ceilings, Strong C6 Zoning, 2 Levels, All New LED Lighting, 200 Amp, Power, CAC, +++!!! The Property Is Located In The Heart Of East Northport 2 Blocks From The Northport LIRR Station!!! The Property Is Situated Just Minutes From Veteran’s Park & The Vanderbilt Museum!!! Neighbors Include UPS, Verizon, Chase Bank, Subaru, The Home Depot, P.C. Richard & Son, Stop & Shop, Public Storage, Extra Space Storage, Orangetheory Fitness, T.J. Maxx, 7-Eleven, Walgreens, Shell, Gold’s Gym, Trader Joe’s, Sherwin-Williams, Aboff’s Paints, Wendy’s, Taco Bell, Dairy Queen, +++!!! The Building Has 404 Feet Of Frontage On Busy Laurel Road & Vernon Valley Road!!! This Property Has A Daily Traffic Count Of 16,000+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Unit A: Podcast Studio: $18,000 Ann.; 3% Ann. Inc.; Lease Exp.: 10/1/28. Unit B: Music Studio: $12,000 Ann.; 3% Ann. Inc.; Lease Exp.: 10/1/28. Unit C: Lighting Company: $28,800 Ann.; M-M. Unit 2A: Lighting Company: $16,800 Ann.; M-M. Unit 2B: East Coast Capital: $30,000 Ann.; M-M. Unit 2C: SPA: $24,000 Ann. Unit 2D: Farmer’s Insurance: $20,400 Ann.; 3% Ann. Inc.; Lease Exp.: 8/1/27 + (2) 3 Year Options. Tax Rebate (Paid By The Tenants): $18,886 Ann. Landscape Rebate (Paid By The Tenants): $1,500 Ann. Garbage Rebate (Paid By The Tenants): $2,400 Ann. Snow Removal Rebate (Paid By The Tenants): $1,000 Ann. Expenses: Gas: $0 Electric: $1,440 Ann. (Perimeter Lighting Only) Maintenance & Repairs: $250 Ann. Insurance: $3,200 Ann. Water: $200 Ann. Garbage: $2,400 Ann. Snow & Landscape: $2,500 Ann. Taxes: $20,600 Ann. Total Expenses: $30,590 Ann. Current Gross Income: $173,786 Ann. Net Operating Income (NOI): $143,196 Ann. (7.96% Cap!!!)

Listing courtesy of All Island Estates Realty Corp matthewshane8828@gmail.com


Based on information submitted to the MLS GRID as of 2025-05-12 07:39 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.