1258 Deer Park AveNorth Babylon, NY 11703

Property Details for 1258 Deer Park Ave

Lot size

1.02 AC

Zone code

EA

Property type

Turn key restaurants

APN

0100-113.00-03.00-112.001

APU

100113000300112001

Description

This exceptional retail property, located at 1258 Deer Park Avenue, offers a prime opportunity for businesses seeking high visibility and accessibility. The 6,333 square foot building is currently fully vacant and presents two available suites, with a minimum divisible space of 658 square feet and a maximum contiguous space of 5,675 square feet, providing flexibility for various business needs. The property boasts an impressive 150 feet of frontage on Deer Park Avenue, a major thoroughfare with a daily traffic count of 47,000 vehicles. Ample parking is available with 80 parking stalls. The location benefits from its proximity to two high schools, North Babylon High School (1.1 miles, 1,471 students, open campus) and Deer Park High School (2.1 miles, 1,377 students, open campus), ensuring a consistent flow of potential customers. The property is classified as Street Retail and is suitable for multiple tenants. The landlord is open to redevelopment options, including the possibility of incorporating a drive-thru. Property taxes for 2021/2022 were $63,531.88. This is a rare opportunity to secure a prominent retail location in a high-traffic area with excellent visibility and ample parking. The flexible space options make it ideal for a variety of retail or restaurant concepts.

• CAP approach

  CAP return

  Valuation

  6%

  $8,404,930

  6.5%

  $7,758,390

  7%

  $7,204,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,037,570

  Geo Method

  $6,037,570

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $15,129,600

  Mixed-Use / Specialty

  $7,730,730

  Hospitality / Lodging

  $5,671,790

  Office

  $7,684,810

  Institutional / Educational

  $8,036,850

  Residential Income

  $9,403,110

  Multifamily

  $11,277,600

  Automotive / Energy

  $6,888,730

  Parking / Income-Based Land

  $2,377,220

  Restaurant / Food Service

  $4,020,810

  Healthcare / Senior Housing

  $7,927,720

Location Insight

City

North Babylon

County

Suffolk

State

New York

Latitude

40.7387

Longitude

-73.3215

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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