1. New York
2. Patchogue
3. 20 Medford Avenue

20 Medford Avenue, Patchogue, NY 11772

• 23,580 sqft

Property 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!!!)

Listing Status:

Active

Listing Office:

All Island Estates Realty Corp : 516-783-5600

MLS ID:

889659

Interior

• A/C: Central Air
• Heating: Natural Gas

Exterior

Location

Lot

Utilities

Financial

This listing courtesy of All Island Estates Realty Corp