2343 Middle Country RdCentereach, NY 11720

Property Details for 2343 Middle Country Rd

Lot size

1.00 AC

Property type

Showrooms

APN

0200-515.00-01.00-003.000

APU

200515000100003000

Description

This exceptional value-add retail property, located at 2343 Middle Country Road in Centereach, New York, presents a compelling investment opportunity. The 8,459-square-foot building sits on a one-acre lot (43,560 sq ft) and offers ample on-site parking for 42 vehicles. Currently vacant, this property is ready for immediate occupancy by an owner-user or a savvy investor seeking to lease to a variety of tenants. Built in 2005 and renovated in 2015, the single-story building is zoned J2, permitting a wide range of uses including restaurants, bars, offices, retail stores, and more. Its prime location along Route 25 places it within a thriving retail corridor, boasting an average daily traffic count exceeding 40,274 vehicles and a median household income of $124,111 within a one-mile radius. The asking price is $2,200,000. This property offers significant potential for growth and return on investment, making it an attractive proposition for discerning buyers. The property's features include a single unit, and the Suffolk County APN is 0200-515-00-01-00-003-000. The zip code is 11720.

• CAP approach

  CAP return

  Valuation

  6%

  $10,586,601

  6.5%

  $9,772,247

  7%

  $9,074,229

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,342,705

  Geo Method

  $14,342,705

• Alternative Use

  Use

  Valuation

  Residential

  $8,243,256

  Hospitality

  $7,550,778

  Educational

  $6,282,158

  Medical

  $6,498,212

  Retail

  $9,772,247

Location Insight

City

Centereach

County

Suffolk

State

New York

Latitude

40.8586

Longitude

-73.0944

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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