534 Meadow AveEast Meadow, NY 11554

Property Details for 534 Meadow Ave

Year built

1962

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.09 AC

Property size (Sq ft)

2,000 SF

Property type

Retail space

APN

50-160-00-0044

APU

50160000044

Description

This exceptional 650-square-foot commercial space, located at 534 E Meadow Ave in East Meadow, NY 11554, presents a fantastic opportunity for a variety of businesses. Situated in a Class C building constructed in 1962 and renovated in 2012, this single-tenant property offers a blend of retail and office functionality. The space is part of a larger 2,000-square-foot building situated on a 4,000-square-foot lot, zoned for General Business use. Features include central air conditioning and heating, excellent lighting, and two bathrooms. A significant advantage is the large rear yard, providing ample space for storage or other potential uses. The property benefits from high visibility due to its location on East Meadow Avenue, a two-way street. Neighboring businesses include Superior Gasket & Rubber Supply, Custom Cakes & Confections, and a beauty salon, creating a diverse and potentially synergistic commercial environment. The monthly rent is $2200, and lease terms are typically 2-3 years. This property is ideal for a small retail store or office seeking high visibility and a convenient location. The building has electric power but no elevators. This single-story building offers easy access and functionality.

• CAP approach

  CAP return

  Valuation

  6%

  $486,070

  6.5%

  $448,680

  7%

  $416,631

• Comparable approach

  Method

  Valuation

  Relative Method

  $658,526

  Geo Method

  $658,526

• Alternative Use

  Use

  Valuation

  Residential

  $378,478

  Hospitality

  $346,684

  Educational

  $288,437

  Medical

  $298,357

  Retail

  $448,680

Location Insight

City

East Meadow

County

Nassau

State

New York

Latitude

40.7112

Longitude

-73.5561

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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