848 Main StFarmingdale, NY 11735

Property Details for 848 Main St

Year built

1956

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.24 AC

Property size (Sq ft)

1,944 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

48-268-00-0001

APU

48268000001

Description

This exceptional mixed-use property presents a fantastic investment opportunity in the vibrant heart of Farmingdale, NY. Situated on a prominent corner lot spanning 10,500 square feet, the 1,944 square foot freestanding building boasts high visibility and excellent accessibility. The main storefront faces Main Street, while a convenient loading dock is located on Frank Avenue, offering significant operational flexibility. The property includes a 640 square foot garage-like structure with electricity, perfect for additional storage or expansion. Interior features have been thoughtfully updated, including new walk-up windows, split heating and air conditioning units, energy-efficient LED lighting throughout, and a robust 400-amp electrical system. Two updated half-bathrooms and three offices provide ample space for various business needs. The building is currently 100% vacant, allowing for immediate customization and tenant selection. Security is enhanced by a comprehensive system featuring 21 cameras. Ample parking is provided with 20 dedicated spaces. Its prime location offers easy access to major parkways, ensuring convenient commuting for employees and customers. The layout is easily adaptable to accommodate two separate businesses, maximizing rental income potential. This is a rare opportunity to acquire a well-maintained, versatile property in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $398,538

  6.5%

  $367,881

  7%

  $341,604

• Comparable approach

  Method

  Valuation

  Relative Method

  $393,705

  Geo Method

  $393,705

• Alternative Use

  Use

  Valuation

  Residential

  $367,881

  Hospitality

  $336,977

  Educational

  $280,361

  Medical

  $290,003

  Retail

  $436,117

Location Insight

City

Farmingdale

County

Nassau

State

New York

Latitude

40.718

Longitude

-73.4379

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].