330 Motor PkwyHauppauge, NY 11788

Property Details for 330 Motor Pkwy

Lot size

4.45 AC

Zone code

BUS1

Property type

Office buildings

APN

0800-181.00-01.00-013.000

APU

800181000100013000

Description

This exceptional commercial land parcel, located at 330 Motor Parkway in Hauppauge, New York, presents a unique opportunity for development. The property consists of one square foot of vacant land zoned for commercial use, offering a blank canvas for a new construction project. The single-tenant designation allows for complete control over the development and future occupancy. The site's ideal location in Hauppauge, NY, 11788, provides excellent access to major transportation arteries, ensuring convenient commutes for employees and clients. Plans are in place for a free-standing building of up to 5,000 square feet, making this an ideal site for a variety of commercial ventures. The property's precise location, at latitude 40.807992146881276 and longitude -73.24771773424618, offers easy access to local amenities and a strong workforce. This is a rare chance to acquire a prime commercial land parcel in a thriving Long Island market, allowing for the creation of a custom-designed building to meet specific business needs. The potential for a build-to-suit project offers unparalleled flexibility and control over the final product. Don't miss this chance to secure a strategic location for your business.

• CAP approach

  CAP return

  Valuation

  6%

  $32,047,872

  6.5%

  $29,582,652

  7%

  $27,469,606

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,327,396

  Geo Method

  $25,327,396

• Alternative Use

  Use

  Valuation

  Residential

  $36,682,488

  Hospitality

  $33,600,960

  Educational

  $27,955,606

  Medical

  $28,917,042

  Retail

  $43,486,496

Location Insight

City

Hauppauge

County

Suffolk

State

New York

Latitude

40.8081

Longitude

-73.2477

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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