6,400+ Sq Ft Retail Building
Immediate Sale Directed
Auction
March 26, 2015 at 11:00 am
Property Location
58 South Ocean Avenue
Patchogue, NY 11772
Photo Gallery
Details
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.
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