3 Anchor AveOceanside, NY 11572

Property Details for 3 Anchor Ave

Year built

1926

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.10 AC

Property size (Sq ft)

2,470 SF

Property type

Auto shops

APN

43-327-00-0124

APU

43327000124

Description

This exceptional Oceanside, NY commercial property presents a unique investment opportunity, ideally suited for an auto body shop or similar automotive-related business. Located at 3 Anchor Ave, this 3192 square foot mixed-use building sits on a 0.1-acre lot and is currently priced at $999,000. The property's zoning allows for auto body repair and other mixed-use applications, making it perfect for tire shops or related services. The building's design incorporates multiple bays and garages, providing ample space for efficient operations and storage. This well-equipped warehouse offers significant potential for both business growth and substantial income generation. The strategic location in Oceanside ensures high visibility and accessibility, attracting a large customer base. This turnkey operation is ready for immediate occupancy, allowing a new owner to begin generating revenue quickly. The property's strong structural integrity and functional layout contribute to its overall value and appeal. This is a rare opportunity to acquire a well-established and profitable commercial property in a thriving market. Serious inquiries are encouraged to explore this promising investment prospect further. The property's size and zoning make it a versatile option for a variety of automotive-related businesses. Don't miss this chance to secure a prime commercial space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $600,296

  6.5%

  $554,120

  7%

  $514,540

• Comparable approach

  Method

  Valuation

  Relative Method

  $813,280

  Geo Method

  $813,280

• Alternative Use

  Use

  Valuation

  Residential

  $467,421

  Hospitality

  $428,155

  Educational

  $356,220

  Medical

  $368,471

  Retail

  $554,120

Location Insight

City

Oceanside

County

Nassau

State

New York

Latitude

40.6363

Longitude

-73.641

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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