505 Walt Whitman RdMelville, NY 11747

Property Details for 505 Walt Whitman Rd

Lot size

1.16 AC

Zone code

C5

Property type

Community centers

APN

0400-233.00-03.00-053.000

APU

400233000300053000

Description

This exceptional 9,136 square foot single-tenant medical office building is ideally situated in Suffolk County on 505 Walt Whitman Road. The property offers ample parking with approximately 50 spaces, and is strategically located for optimal accessibility and visibility. The building's prominent location on Route 110/Walt Whitman Road boasts high traffic volume, exceeding 35,200 vehicles per day. Its proximity to major roadways, including being just one mile north of the Northern State Parkway and two miles north of the Long Island Expressway (495), ensures convenient access for patients and staff. The entire building is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire space. The property is zoned for a variety of uses, including retail, office, and restaurant, offering flexibility for potential tenants. While currently configured as a medical office, the space can be adapted to suit various business needs. The potential for expanded parking is also being considered, further enhancing the property's appeal. This is a rare opportunity to secure a substantial, well-located commercial space in a high-traffic area of Suffolk County. All uses are considered, and divisions of the space may be possible. Inquire today to learn more about this outstanding property.

• CAP approach

  CAP return

  Valuation

  6%

  $12,280,554

  6.5%

  $11,335,896

  7%

  $10,526,189

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,637,669

  Geo Method

  $16,637,669

• Alternative Use

  Use

  Valuation

  Residential

  $9,562,252

  Hospitality

  $8,758,972

  Educational

  $7,287,362

  Medical

  $7,537,985

  Retail

  $11,335,896

Location Insight

City

Huntington Station

County

Suffolk

State

New York

Latitude

40.8114

Longitude

-73.4102

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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