2735 Grand AveBellmore, NY 11710

Property Details for 2735 Grand Ave

Year built

1957

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.08 AC

Property size (Sq ft)

2,700 SF

Property type

Office buildings

APN

56-339-00-0266

APU

56339000266

Description

This exceptional retail property, located at 2735 Grand Avenue in Bellmore, New York, presents a unique investment opportunity. Boasting 2,700 square feet on a substantial 3.66-acre lot, this turn-key office space offers significant potential. The building itself measures 30x90 feet and is currently 100% vacant, providing immediate occupancy for a new tenant. The property is ideally situated in the heart of Bellmore, offering easy access to major roadways and public transportation, including the Long Island Railroad, just one block away. The convenient location is surrounded by a diverse range of dining, shopping, and other commercial establishments, ensuring high foot traffic and visibility. Municipal parking is available directly behind the building, providing 12 hours of free parking for customers and employees. Annual property taxes are $31,603.21. In addition to the sale price of $1,000,000, the property is also available for lease at a monthly rate of $9,000. This prime location and versatile space make it an attractive option for a variety of retail businesses seeking a thriving and accessible location in Bellmore. The property's size and ample parking make it a highly desirable commercial space.

• CAP approach

  CAP return

  Valuation

  6%

  $446,391

  6.5%

  $412,053

  7%

  $382,621

• Comparable approach

  Method

  Valuation

  Relative Method

  $352,782

  Geo Method

  $352,782

• Alternative Use

  Use

  Valuation

  Residential

  $510,946

  Hospitality

  $468,023

  Educational

  $389,390

  Medical

  $402,782

  Retail

  $605,718

Location Insight

City

Bellmore

County

Nassau

State

New York

Latitude

40.6704

Longitude

-73.5267

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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