3850 Veterans Memorial HwyBohemia, NY 11716

Property Details for 3850 Veterans Memorial Hwy

Lot size

0.19 AC

Zone code

ICD

Property type

Drive through restaurants

APN

0500-149.00-01.00-005.000

APU

500149000100005000

Description

This exceptional 3,850-square-foot freestanding building, formerly a McDonald's, presents a unique investment opportunity in Bohemia, NY. Located on a highly visible corner of Veterans Memorial Highway (454) and Locust Street, this single-tenant property sits on a 0.2-acre lot with convenient access from both streets and offers over 20 parking spaces. The building boasts a single story and is zoned ICD (Industrial Corridor District) within Suffolk County. With over 38,000 vehicles passing daily, this location benefits from exceptional visibility and high traffic counts. The property's history as a successful fast-food restaurant for over 25 years speaks to its prime location and potential. Its versatility allows for a variety of uses, including retail, food service, or office space. The property's proximity to Islip MacArthur Airport and the Long Island Expressway provides easy access for employees and customers. This is a rare opportunity to acquire a well-situated commercial property in a thriving area. Annual property taxes are $39,709.

• CAP approach

  CAP return

  Valuation

  6%

  $2,188,284

  6.5%

  $2,019,954

  7%

  $1,875,672

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,724,982

  Geo Method

  $2,724,982

• Alternative Use

  Use

  Valuation

  Residential

  $1,703,907

  Hospitality

  $1,560,770

  Educational

  $1,298,542

  Medical

  $1,343,201

  Retail

  $2,019,954

Location Insight

City

Bohemia

County

Suffolk

State

New York

Latitude

40.7845

Longitude

-73.1105

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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