271 Central AveBethpage, NY 11714

Property Details for 271 Central Ave

Year built

1938

Construction

FRAME

Lot size

0.12 AC

Property size (Sq ft)

1,320 SF

Property type

Retail space

APN

49-138-00-0187

APU

49138000187

Description

This exceptional mixed-use property, located at 271 Central Avenue in Bethpage, NY, presents a unique investment opportunity. The 5,600 square foot building sits on a 0.12-acre lot in a high-traffic, highly visible corner location. Completely renovated in 2019, this Class A building boasts a versatile layout ideal for a variety of commercial uses, including retail, office, or automotive businesses. The first floor features approximately 1,520 square feet of Class A office space, along with a six-car garage (approximately 1,600 square feet) equipped with two overhead doors. Three bathrooms are conveniently located on the main floor. Upstairs, a spacious 1,480 square foot, four-bedroom apartment with air conditioning offers excellent rental potential. A fully finished basement (approximately 1,500 square feet) with a separate entrance provides additional space for storage or office use, adding to the property's overall functionality. The building is equipped with central heating and cooling systems for year-round comfort and features two separate meters. Its convenient location near the Long Island Rail Road and major highways ensures excellent accessibility and visibility. This property offers a compelling blend of commercial and residential income potential in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $320,806

  6.5%

  $296,129

  7%

  $274,977

• Comparable approach

  Method

  Valuation

  Relative Method

  $434,627

  Geo Method

  $434,627

• Alternative Use

  Use

  Valuation

  Residential

  $249,796

  Hospitality

  $228,811

  Educational

  $190,368

  Medical

  $196,916

  Retail

  $296,129

Location Insight

City

Bethpage

County

Nassau

State

New York

Latitude

40.738

Longitude

-73.4802

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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