55 Veterans Memorial HwyCommack, NY 11725

Property Details for 55 Veterans Memorial Hwy

Lot size

0.76 AC

Property type

Commercial real estate

APN

0800-116.00-01.00-007.000

APU

800116000100007000

Description

This exceptional investment opportunity presents a fully occupied, triple-net leased mixed-use property located at 55 Veterans Memorial Highway in Commack, New York. Priced at $3,950,000, this property offers significant potential for passive income generation. The building boasts ample parking, ensuring convenient access for tenants and patrons. Currently operating under a triple-net lease structure, the property benefits from a 100% occupancy rate, minimizing vacancy risks and maximizing rental income. Detailed financial information, including a property profile, lease abstract, and rent schedule, is available upon request. This offering represents a compelling investment opportunity, particularly attractive to those seeking a stable, high-occupancy commercial property. Note that this is one of three similar properties available for sale

• CAP approach

  CAP return

  Valuation

  6%

  $6,203,200

  6.5%

  $5,726,030

  7%

  $5,317,030

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,325,630

  Geo Method

  $4,325,630

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $11,273,200

  Retail / Commercial

  $5,780,860

  Mixed-Use / Specialty

  $5,760,250

  Hospitality / Lodging

  $4,226,110

  Office

  $5,726,030

  Institutional / Educational

  $5,988,340

  Residential Income

  $7,006,360

  Multifamily

  $8,403,050

  Automotive / Energy

  $5,132,860

  Parking / Income-Based Land

  $1,771,290

  Restaurant / Food Service

  $2,995,950

  Healthcare / Senior Housing

  $5,907,030

Location Insight

City

Commack

County

Suffolk

State

New York

Latitude

40.8418

Longitude

-73.286

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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