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Immediate Sale Directed via Public Auction

6,400+ Sq Ft Prime Retail Building in Heart of Thriving Downtown District

Adjoins Municipal Parking – Half Block from Large Redevelopment Site (“New Village at Patchogue”)

Details:

  • 58 South Ocean Avenue, Patchogue, NY 11772
  • 6,418 Sq Ft Building (Easily Divisible for Multiple Tenants)
  • Large Municipal Parking Lot Adjoins Rear of Building
  • Half Block from Large Redevelopment Site (291 Apartments, Retail/Restaurant & Office Space)
  • Building & Lot Size: 6,418 Sq Ft (Building Fully Covers Lot)
  • Building & Lot Dimensions: 77.51′ x 84.30 x 76.91 x 82.91 – Slightly Irregular
  • 77.51′ Frontage on South Ocean Avenue
  • Estimate Traffic Count of 13,000 Vehicles Per Day on South Ocean Avenue
  • Located Appx 300′ South of Main Street a/k/a Montauk Highway
  • Building Completed Renovated in 2010
  • 400 Amp Service
  • 12′ Ceilings
  • Partial Unfinished Basement
  • Zoning: D-3
  • Connected to Patchogue Sewer District
  • Notable Local Area Retail: Bank of America, Bethpage FCU, CapitalOne, Chase, USPS, Checkers, CVS, Family Dollar & Many Others
  • County: Suffolk   District: 204   Section: 9   Block: 6   Lot: 63.1
  • Annual Real Estate Taxes: $27,472.58 (Town of Brookhaven is $16,312.77 & Village of Patchogue is $11,159.81)
  • Previously Listed at $999,990
  • $525,000 Opening Bid

Inspections/Viewings:  Mondays, March 16th & 23rd from 12:00 noon – 2:00 pm.

Auction Date & Time:  Thursday, March 26th at 11:00 am.  Registration begins at 10:00 am.

Auction Location:  Auctioneer’s Gallery, 39 Windsor Place, Central Islip, NY 11722. Online/Absentee Bidding Available with 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 $52,500 made payable to “Maltz Auctions, 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:  An eight percent (8%) 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.