900 Main StHolbrook, NY 11741

Property Details for 900 Main St

Lot size

1.11 AC

Zone code

GST

Property type

Office buildings

APN

0500-088.00-03.00-002.000

APU

500088000300002000

Description

This exceptional investment opportunity presents a 6,110 square foot medical office building situated on a 1.11-acre lot in Holbrook, NY. The property, located at 900 Main St, boasts 352 feet of desirable Main Street frontage and ample on-site parking. Currently 100% occupied by four established medical tenants, the building offers the potential for owner-user occupancy, with the option of up to 50% vacancy upon request. The property's strategic location provides convenient access to major transportation hubs, including Ronkonkoma and Medford Commuter Rail stations, and Long Island MacArthur Airport. The surrounding area exhibits a strong demographic profile, characterized by a growing population and high average household incomes, making this a compelling investment in a thriving community. The building is zoned for commercial use and features a modified lease type with multi-tenancy. This presents a rare chance to acquire a well-maintained, income-producing asset in a high-demand location. The property's size and location make it an ideal investment for both owner-users and investors seeking a stable, long-term return. Further information on local development projects can be found via online resources.

• CAP approach

  CAP return

  Valuation

  6%

  $8,697,222

  6.5%

  $8,028,204

  7%

  $7,454,762

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,317,672

  Geo Method

  $6,317,672

• Alternative Use

  Use

  Valuation

  Residential

  $9,954,974

  Hospitality

  $9,118,702

  Educational

  $7,586,654

  Medical

  $7,847,570

  Retail

  $11,801,461

Location Insight

City

Holbrook

County

Suffolk

State

New York

Latitude

40.8058

Longitude

-73.0728

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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