370 Hawkins AveRonkonkoma, NY 11779

Property Details for 370 Hawkins Ave

Lot size

0.14 AC

Property type

Investment properties

Property subtype

Retail residential properties

APN

0200-688.00-04.00-014.000

APU

200688000400014000

Description

This 350-square-foot vacant retail building, located at 370 Hawkins Ave, Ronkonkoma, NY 11779, presents a unique redevelopment opportunity. Situated on a 0.23-acre lot with 120 feet of frontage on Hawkins Avenue and the corner of Ryder Place, this property boasts two curb cuts and double drive-thru lanes. Built in 1960, the single-story building is zoned J-2 and offers significant potential for various uses, including a convenience store, coffee shop, quick-service restaurant, or tobacco shop. The property's strategic location benefits from high traffic volume, with nearly 14,000 cars passing daily. The surrounding area demonstrates strong demographics, featuring a median household income exceeding $114,000 within a one-mile radius and a population of over 226,000 people within a five-mile radius. The asking price is $725,000, representing a price per square foot of $2,071.43. The property is offered fee simple and was vacant as of March 15, 2023. This is an owner/user investment opportunity with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,250,145

  6.5%

  $1,153,980

  7%

  $1,071,553

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,234,985

  Geo Method

  $1,234,985

• Alternative Use

  Use

  Valuation

  Residential

  $1,153,980

  Hospitality

  $1,057,040

  Educational

  $879,444

  Medical

  $909,690

  Retail

  $1,368,025

Location Insight

City

Ronkonkoma

County

Suffolk

State

New York

Latitude

40.8228

Longitude

-73.1079

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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