1507 Smithtown AveBohemia, NY 11716

Property Details for 1507 Smithtown Ave

Lot size

2.89 AC

Zone code

IND1

Property type

Investment properties

Property subtype

Retail residential properties

APN

0500-172.00-01.00-040.004

APU

500172000100040004

Description

This exceptional Class A industrial warehouse, located at 1507 Smithtown Avenue in Bohemia, New York, offers 40,000 square feet of space on a 2-acre lot. Built in 2008, the property boasts a 17-foot ceiling height, ideal for various industrial uses. Currently, 2,140 square feet are available for immediate occupancy within a single-tenant building. The property is zoned for Light Industrial use in Suffolk County and provides ample parking with 80 spaces. Its strategic location just off Lakeland Avenue offers easy access to major transportation arteries, including Sunrise Highway and the Long Island Expressway, ensuring seamless logistics and convenient commutes for employees and clients. The property's address is 1507 Smithtown Ave, Bohemia, NY 11716. This is a rare opportunity to secure a well-maintained, modern warehouse in a highly desirable location. The property's size, amenities, and prime location make it an attractive option for businesses seeking efficient and accessible warehouse space in Suffolk County.

• CAP approach

  CAP return

  Valuation

  6%

  $28,078,420

  6.5%

  $25,918,540

  7%

  $24,067,216

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,495,216

  Geo Method

  $25,495,216

• Alternative Use

  Use

  Valuation

  Residential

  $25,918,540

  Hospitality

  $23,741,244

  Educational

  $19,752,436

  Medical

  $20,431,752

  Retail

  $30,726,012

Location Insight

City

Bohemia

County

Suffolk

State

New York

Latitude

40.7806

Longitude

-73.1093

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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