554 Route 111Hauppauge, NY 11788

Property Details for 554 Route 111

Lot size

0.30 AC

Property type

Automotive properties

APN

0800-156.00-01.00-007.000

APU

800156000100007000

Description

This exceptional business opportunity presents a chance to acquire a well-established enterprise situated on a desirable 0.3-acre lot at 554 Route 111 in Hauppauge, New York. The asking price is $1,695,000. The property's precise square footage is not currently specified, however, the substantial lot size offers ample space for potential expansion or outdoor operations. The sale includes both the real estate and the ongoing business, providing a turnkey solution for a prospective buyer. This presents a unique opportunity to step into an existing, profitable venture with established clientele and operational infrastructure. The location on Route 111 offers excellent visibility and accessibility, ensuring high traffic and convenient access for customers and employees. Further details regarding the specific nature of the business and its financial performance are available upon request, subject to a non-disclosure agreement. Serious inquiries only. This is an exceptional opportunity for an entrepreneur seeking a ready-made business with significant growth potential in a prime Hauppauge location. The property is offered as a complete package, including all existing fixtures, equipment, and inventory, facilitating a seamless transition for the new owner. Don't miss this chance to acquire a thriving business in a highly sought-after area. Contact us today to schedule a viewing and learn more about this exciting investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $3,175,980

  6.5%

  $2,931,674

  7%

  $2,722,269

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,302,812

  Geo Method

  $4,302,812

• Alternative Use

  Use

  Valuation

  Residential

  $2,472,977

  Hospitality

  $2,265,234

  Educational

  $1,884,648

  Medical

  $1,949,464

  Retail

  $2,931,674

Location Insight

City

Hauppauge

County

Suffolk

State

New York

Latitude

40.8259

Longitude

-73.2016

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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