This exceptional 2,225 square foot medical office building in Setauket-East Setauket, NY, presents a unique owner-user opportunity. Located at 100 S Jersey Ave, 11733, this Class B property offers two units and is priced at $645,000, or $289.89 per square foot. Built in 1980, the building boasts ample parking with 12 spaces available for patients and staff. The property's convenient location in Suffolk County provides easy access for patients and excellent visibility. Ideal for a medical practice seeking to establish or expand its presence in a thriving community, this building offers a solid investment opportunity for an owner-operator. The property's size and layout are well-suited for a variety of medical specialties. The asking price reflects a competitive value in the current market, making this a compelling proposition for discerning buyers. This is a rare chance to acquire a well-maintained medical office building in a desirable location. Don't miss this opportunity to own your practice's home.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$116,392
6.5%
$107,439
7%
$99,765
Comparable approach
Method
Valuation
Relative Method
$91,985
Geo Method
$91,985
Alternative Use
Use
Valuation
Residential
$133,224
Hospitality
$122,033
Educational
$101,530
Medical
$105,022
Retail
$157,935
Location Insight
City
East Setauket
County
Suffolk
State
New York
Latitude
40.9384
Longitude
-73.1083
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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