679 Port Washington BlvdPort Washington, NY 11050

Property Details for 679 Port Washington Blvd

Year built

1933

Construction

FRAME

Lot size

0.16 AC

Property size (Sq ft)

1,259 SF

Property type

Auto shops

APN

06-002-00-0277

APU

6002000277

Description

This exceptional 1,403-square-foot retail property, situated on a prominent corner lot at 679 Port Washington Boulevard, Port Washington, NY 11050, presents a unique investment opportunity. Built in 1933, this single-story building sits on a 6,500-square-foot lot and offers ample parking with six spaces. The property is zoned Business A by the Town of North Hempstead, within Nassau County. Ideal for a variety of uses, including food service, medical practices, or dry retail establishments, this location benefits from high traffic volume on Port Washington Boulevard and its intersection with Park Avenue. The property's single-tenant occupancy provides ease of management. The building's 1,403 square feet offer a versatile layout adaptable to various business needs. While automotive uses are prohibited, the zoning allows for a range of compatible businesses. Annual property taxes are $17.35 per square foot. This prime location and flexible zoning make this a compelling opportunity for discerning investors seeking a high-visibility retail space in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $305,981

  6.5%

  $282,444

  7%

  $262,269

• Comparable approach

  Method

  Valuation

  Relative Method

  $414,542

  Geo Method

  $414,542

• Alternative Use

  Use

  Valuation

  Residential

  $238,252

  Hospitality

  $218,238

  Educational

  $181,571

  Medical

  $187,816

  Retail

  $282,444

Location Insight

City

Port Washington

County

Nassau

State

New York

Latitude

40.8262

Longitude

-73.6827

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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