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Details

Immediate Sale Directed via Public Auction

24,000+ Sq Ft Prime Retail/Office Development Site on Main Thoroughfare

Across from New 125,000 Sq Ft Bristal Assisted Living Facility (Under Construction)

Details:

  • Middle Country Road (a/k/a Jericho Turnpike), Lake Grove, NY 11755
  • Located on South Side of Road, Adjacent to 2970 Middle Country Rd
  • Located Between Dietz Ave & Hallock Ave
  • 121′ Frontage on Middle Country Road
  • Spectacular Visibility on Very High Volume Road
  • Located Down the Road from the Smith Haven Mall & Across from the 125,000 Sq Ft Bristal Assisted Living Facility, Presently Under Construction
  • Prime Development Opportunity
  • Proposed Plans for 4,050 Sq Ft Building
  • 24,829 Sq Ft Lot (121′ x 200′ – Slightly Irregular)
  • J Business 2 Zoning District – General Business/Retail
  • District: 0208   Section: 013.00   Block: 06.00   Lot: 012.000
  • Annual Real Estate Taxes (’13-’14): $9,916.49
  • Market Value as Assessed (’13-’14): $318,421
  • Previously Listed at $295,000
  • $95,000 Opening Bid

Inspections/Viewings:  Vacant Land – Inspect Freely.

Auction Date & Time:  Thursday, December 11th at 11:00 am.  Registration begins at 10:00 am.

Auction Location:  The Office of the Auctioneer, 39 Windsor Place, Central Islip, NY 11722.  Absentee bidding available with pre-registration at least 48 hours prior to auction.

Terms & Conditions of Sale: Property will be sold free & clear of all liens, claims & encumbrances.  In order to register to bid, all prospective bidders must present a cashier’s check in an amount of $20,000 made payable to “David R. Maltz & Co., Inc.”.  Closing must occur within 45 days after the auction. Successful Bidder shall be granted a 30-day extension to close if he/she posts an additional non-refundable 10% deposit.  Subject to sale prior to auction as pre-auction offers will be considered.  Please download the complete Terms and Conditions of Sale.

Buyer’s Premium:  A ten percent (10%) Buyer’s Premium will be added to the Successful Bidder’s high bid to determine the contract price to be paid by the Successful Bidder.

Buyer Broker Participation:  A two percent (2%) commission will be paid to any properly licensed Buyer Broker who registers a successful buyer in accordance with the Buyer Broker guidelines.  Please download the Broker Participation form for details.

Have Questions? Get In Touch

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David R. Maltz, Auctioneer DCA# 762794
Richard B. Maltz, Auctioneer DCA# 1240836
David A. Constantino, Auctioneer DCA# 1424944
Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022  Fax (516) 349-0105

This Property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the Property is made by the Seller, Auction Company or any of their Agents.  The information contained herein was derived from sources deemed reliable, but is not guaranteed.  Most of the information provided has been obtained from third party sources and has not been independently verified.  It is the responsibility of the Buyer and/or Buyer’s Broker to determine the accuracy of all components of the sale and Property.    Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the Property, including without limitation, environmental and physical condition of the Property.  All prospective bidders are urged to conduct their own due diligence prior to participating in the Public Auction.

Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.