901 Walt Whitman RdMelville, NY 11747

Property Details for 901 Walt Whitman Rd

Lot size

2.00 AC

Zone code

C8

Property type

Investment properties

Property subtype

Retail residential properties

APN

0400-229.00-01.00-020.000

APU

400229000100020000

Description

This exceptional retail opportunity presents 12,285 square feet of space at 901 Walt Whitman Road in Melville, New York, within Suffolk County. Currently, 11,033 square feet is available for lease, offering flexible options for businesses seeking a prominent location. The property is categorized as a shopping center with multiple suites, and the available space is divisible into units ranging from a minimum of 3,073 square feet to a maximum contiguous space of 7,960 square feet. This allows for adaptability to suit various business needs and expansion plans. The property's address is 901 Walt Whitman Road, Melville, NY 11747, providing excellent visibility and accessibility within a thriving commercial area. The property's location in Suffolk County offers a strong demographic base and convenient access to major transportation routes, ensuring high foot traffic and customer reach. This is an ideal location for businesses seeking a well-established retail presence in a bustling community. The property's size and layout make it suitable for a variety of retail concepts, from single-tenant occupancy to multi-tenant configurations. Serious inquiries are encouraged to explore this prime retail space and its potential.

• CAP approach

  CAP return

  Valuation

  6%

  $17,860,388

  6.5%

  $16,486,512

  7%

  $15,308,904

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,643,804

  Geo Method

  $17,643,804

• Alternative Use

  Use

  Valuation

  Residential

  $16,486,512

  Hospitality

  $15,101,556

  Educational

  $12,564,317

  Medical

  $12,996,423

  Retail

  $19,544,494

Location Insight

City

Melville

County

Suffolk

State

New York

Latitude

40.7985

Longitude

-73.4133

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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