245 Old Country RdCarle Place, NY 11514

Property Details for 245 Old Country Rd

Year built

1947

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.28 AC

Property size (Sq ft)

5,368 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

10-046-00-0130

APU

10046000130

Description

This exceptional Class A commercial property, located at 245 Old Country Road in Carle Place, NY 11514, offers 15,000 square feet of versatile space ideal for retail, office, or a combination thereof. Situated on a 18,262 square foot lot with 140 feet of frontage, this two-story building boasts multiple suites, with a minimum divisible space of 5,000 square feet and a maximum contiguous space of 15,000 square feet. Currently, the entire 15,000 square feet is vacant, presenting a unique opportunity for a single tenant or multiple occupants. Built in 1959, the property features 26 parking spaces and is conveniently located near Meadowbrook Parkway in the desirable Roosevelt Field Shopping District of Garden City submarket. The property's prominent location and ample space make it an excellent choice for businesses seeking high visibility and accessibility. This is a rare opportunity to secure a substantial commercial space in a prime location. The property's flexible layout and significant square footage offer considerable potential for various business ventures. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,100,488

  6.5%

  $1,015,836

  7%

  $943,276

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,087,144

  Geo Method

  $1,087,144

• Alternative Use

  Use

  Valuation

  Residential

  $1,015,836

  Hospitality

  $930,500

  Educational

  $774,165

  Medical

  $800,790

  Retail

  $1,204,257

Location Insight

City

Carle Place

County

Nassau

State

New York

Latitude

40.7441

Longitude

-73.6108

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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