200 Middle Neck RdGreat Neck, NY 11021

Property Details for 200 Middle Neck Rd

Year built

1931

Construction

FRAME

Lot size

1.49 AC

Property size (Sq ft)

8,031 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

02-006-00-0041

APU

2006000041

Description

This exceptional Class A retail space, located at 200 Middle Neck Rd in Nassau County, offers 2,400 square feet of versatile commercial space. Originally occupied by Laffey Real Estate, the property boasts a thoughtfully designed layout perfect for a variety of professional uses. Built in 1961 and extensively renovated in 2005, the building features a welcoming reception area, a convenient kitchenette, and two private offices enclosed by glass walls. The expansive open area is well-suited for a cubicle setup, maximizing space efficiency. The rectangular shape and high ceilings contribute to a bright and airy atmosphere. Accessibility is a key feature, with a handicap-accessible restroom and a standard bathroom, both easily accessible via elevator from the ample parking. The property sits on two acres of land and provides 120 parking spaces, with 50 conveniently covered. Added convenience is provided by a secondary exit at the rear of the building. This property is ideally situated near Middle Neck Rd, offering excellent visibility and accessibility. The combination of modern amenities, convenient location, and ample parking makes this a truly exceptional retail opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,951,813

  6.5%

  $1,801,674

  7%

  $1,672,983

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,644,313

  Geo Method

  $2,644,313

• Alternative Use

  Use

  Valuation

  Residential

  $1,519,779

  Hospitality

  $1,392,110

  Educational

  $1,158,219

  Medical

  $1,198,052

  Retail

  $1,801,674

Location Insight

City

Great Neck

County

Nassau

State

New York

Latitude

40.7935

Longitude

-73.7337

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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