1358 Willis AveAlbertson, NY 11507

Property Details for 1358 Willis Ave

Year built

1947

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.20 AC

Property size (Sq ft)

3,660 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

07-197-00-0089

APU

7197000089

Description

This exceptional retail property, located at 1358-1360 Willis Avenue in Albertson, New York, offers a flexible space ideal for a variety of businesses. Situated in Nassau County, with a convenient 11507 zip code, this location boasts high visibility and accessibility. The property encompasses a total area ranging from 1,200 to 1,400 square feet, providing ample room for a thriving enterprise. The space is currently configured for multiple tenants, presenting an opportunity for either a single large occupant or several smaller businesses to co-exist. Its versatile layout makes it suitable for a wide range of uses, including, but not limited to, beauty salons, delis, food take-out facilities, pharmacies, nail salons, and wellness centers. The property's prime location within Albertson ensures high foot traffic and excellent exposure to potential customers. This is a rare opportunity to secure a well-positioned retail space in a thriving community. The property is available for lease and offers a fantastic chance to establish or expand your business in a desirable area of Long Island. Interested parties should inquire for lease terms and conditions. The latitude and longitude coordinates are 40.774904 and -73.6497028 respectively.

• CAP approach

  CAP return

  Valuation

  6%

  $750,333

  6.5%

  $692,615

  7%

  $643,143

• Comparable approach

  Method

  Valuation

  Relative Method

  $741,234

  Geo Method

  $741,234

• Alternative Use

  Use

  Valuation

  Residential

  $692,615

  Hospitality

  $634,432

  Educational

  $527,840

  Medical

  $545,993

  Retail

  $821,084

Location Insight

City

Albertson

County

Nassau

State

New York

Latitude

40.7749

Longitude

-73.6496

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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