521 Route 111Hauppauge, NY 11788

Property Details for 521 Route 111

Lot size

0.02 AC

Property type

Office properties

APN

0800-156.01-03.00-004.000

APU

800156010300004000

Description

This exceptional 30,000-square-foot office building, situated at 521 Route 111 in Hauppauge, New York, presents a unique investment opportunity. Constructed in 1990 and renovated in 2016, this Class C property features four units ideally suited for executive, medical, or professional office use. The building is fully ADA compliant and boasts ample parking with 109 spaces. Its prime location on heavily trafficked Route 111, with over 22,000 vehicles passing daily, ensures high visibility and accessibility. The property is zoned for office and medical use, benefiting from its proximity to numerous national and local retailers. The building includes a convenient elevator servicing multiple floors. This single-building complex offers a compelling opportunity for owner-occupancy or investment, with the potential for significant returns. The property is offered for sale by owner and is located in Suffolk County, NY, zip code 11788. Its convenient location also offers easy access to Route 347. This is a rare opportunity to acquire a well-maintained, strategically located office building in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $216,096

  6.5%

  $199,474

  7%

  $185,225

• Comparable approach

  Method

  Valuation

  Relative Method

  $133,273

  Geo Method

  $133,273

• Alternative Use

  Use

  Valuation

  Residential

  $247,347

  Hospitality

  $226,569

  Educational

  $188,503

  Medical

  $194,985

  Retail

  $293,226

Location Insight

City

Hauppauge

County

Suffolk

State

New York

Latitude

40.8275

Longitude

-73.1981

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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