252 Main StFreeport, NY 11520

Property Details for 252 Main St

Year built

1951

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.19 AC

Property size (Sq ft)

1,204 SF

Property type

Auto shops

APN

55-447-00-0522

APU

55447000522

Description

This exceptional 880,000 USD commercial property located at 252 N Main St, Freeport, NY presents a significant investment opportunity. Situated in the heart of Freeport, this property boasts excellent visibility and accessibility, with proximity to major roadways including the Sunrise, Meadowbrook, and Southern State Parkways. Public transportation is also readily available, being near the Long Island Rail Road (LIRR) and bus lines. The property features a substantial private parking facility, a key advantage for businesses requiring ample parking for employees and customers. The large size of the property offers considerable potential for various uses, including redevelopment (subject to obtaining the necessary permits). Whether you envision establishing your own business here or capitalizing on the property's development potential, this location offers a strategic advantage for success in 2024 and beyond. The property's prime location and ample parking make it an attractive option for a wide range of commercial ventures. Serious inquiries are encouraged to explore the possibilities this exceptional Freeport property offers. The property is classified as General Commercial. The lot size is not specified.

• CAP approach

  CAP return

  Valuation

  6%

  $292,614

  6.5%

  $270,105

  7%

  $250,812

• Comparable approach

  Method

  Valuation

  Relative Method

  $396,433

  Geo Method

  $396,433

• Alternative Use

  Use

  Valuation

  Residential

  $227,844

  Hospitality

  $208,704

  Educational

  $173,639

  Medical

  $179,611

  Retail

  $270,105

Location Insight

City

Freeport

County

Nassau

State

New York

Latitude

40.6654

Longitude

-73.5865

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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