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Does anyone have an info on what may be replacing the old Waldbaums in East Islip? I have heard rumors from Uncle Guisseppe's, Trader Joes or Best Yet... But its all just rumors...
Are they kidding, truthfully I have no idea of how much commercial property goes for but I would think lower the rate to get any company in there would be better then let it sit vacant and getting no $.
Commercial real estate is more crazy than residential.
Ever see taxes on commercial buildings?
Exactly. The East Islip School District has such a limited commercial tax base and the businesses along Montauk Hwy pay hundreds of thousands to two million a year just in property tax. Hence the 60% occupancy rate.
The only two retail stores are CVS and Rite Aid and Rite Aid is always empty so it's days are probably numbered. I would not be surprised to see the entire Waldbaums complex razed and sold for condo property.
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