18 Brightside AveEast Northport, NY 11731

Property Details for 18 Brightside Ave

Lot size

0.34 AC

Zone code

R5

Property type

Auto shops

APN

0400-120.00-03.00-007.000

APU

400120000300007000

Description

This exceptional freestanding industrial property, located at 18 Brightside Ave in East Northport, NY 11731, presents a unique investment opportunity. Priced at $2,000,000, this single-story, 1-building flex space sits on a gated lot and offers significant advantages for a variety of businesses. The property is zoned R5 and features two convenient curb cuts, enhancing accessibility and operational efficiency. The existing configuration is ideally suited for auto repair and used car sales, as evidenced by its current permitted use. With a remaining lease term of 3.5 years under a NNN lease structure, this property offers a stable income stream for investors. The single tenancy ensures ease of management and minimizes complexities. The property's strategic location in Suffolk County, New York, provides excellent access to major transportation routes and a robust local market. This is a rare opportunity to acquire a well-maintained, functional industrial space with significant upside potential. The gated lot provides added security, while the freestanding nature of the building offers ample space and flexibility for expansion or customization. This turnkey operation is ready for immediate occupancy and presents a compelling investment opportunity for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $3,599,347

  6.5%

  $3,322,474

  7%

  $3,085,154

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,876,388

  Geo Method

  $4,876,388

• Alternative Use

  Use

  Valuation

  Residential

  $2,802,631

  Hospitality

  $2,567,195

  Educational

  $2,135,876

  Medical

  $2,209,332

  Retail

  $3,322,474

Location Insight

City

East Northport

County

Suffolk

State

New York

Latitude

40.8797

Longitude

-73.3241

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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