60 Broadhollow RdMelville, NY 11747

Property Details for 60 Broadhollow Rd

Lot size

0.43 AC

Zone code

C6

Property type

Office buildings

APN

0400-258.00-01.00-010.003

APU

400258000100010003

Description

This exceptional four-story medical office building, located at 60 Broadhollow Road in Melville, New York, presents a unique opportunity for healthcare providers. The entire 17,280 square foot building is currently vacant, offering unparalleled flexibility for a single tenant or multiple occupants. The building is divisible into minimum units of 4,320 square feet, allowing for customized space configurations to suit various practice sizes and needs. Situated in Suffolk County, with easy access to major roadways and a vibrant community, this property boasts a prime location in the desirable Melville area, zip code 11747. The building's design is well-suited for medical practices, offering ample space for examination rooms, waiting areas, administrative offices, and support facilities. With its substantial square footage and multiple potential configurations, this property is ideal for a large medical group seeking a flagship location or several smaller practices looking to collaborate in a shared space. The building's four stories provide a significant presence and ample room for growth. This is a rare opportunity to secure a substantial, fully vacant medical office building in a highly sought-after location. Interested parties are encouraged to inquire for further details and leasing information.

• CAP approach

  CAP return

  Valuation

  6%

  $3,096,794

  6.5%

  $2,858,579

  7%

  $2,654,395

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,447,392

  Geo Method

  $2,447,392

• Alternative Use

  Use

  Valuation

  Residential

  $3,544,638

  Hospitality

  $3,246,869

  Educational

  $2,701,357

  Medical

  $2,794,261

  Retail

  $4,202,111

Location Insight

City

Melville

County

Suffolk

State

New York

Latitude

40.7911

Longitude

-73.4161

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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