2701 Sunrise HwyIslip Terrace, NY 11752

Property Details for 2701 Sunrise Hwy

Lot size

0.79 AC

Zone code

BUS1

Property type

Office buildings

APN

0500-296.00-02.00-023.004

APU

500296000200023004

Description

This exceptional medical office building, located at 2701 Sunrise Highway in Islip Terrace, New York, presents a unique investment opportunity. The property boasts a total of 7,214 square feet situated on a 0.78-acre lot, offering excellent visibility and accessibility. Currently configured with 3,245 square feet dedicated to medical offices and 3,969 square feet to law offices, this versatile space allows for a variety of uses. The building benefits from approximately 220 feet of frontage on Sunrise Highway, just west of Carlton Avenue, ensuring high traffic exposure. Ample parking is provided with 37 spaces available for tenants and visitors. The asking price for this prime medical/office building is $2,100,000. This property is situated in Suffolk County, New York, with a zip code of 11752. The location offers convenient access to major roadways and local amenities, making it an attractive option for both medical professionals and businesses. This is a rare opportunity to acquire a well-maintained, high-visibility commercial property in a thriving market. The existing layout provides a solid foundation for immediate occupancy or potential redevelopment to suit specific needs. Don't miss this chance to own a piece of Islip Terrace's commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $6,189,762

  6.5%

  $5,713,626

  7%

  $5,305,510

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,496,272

  Geo Method

  $4,496,272

• Alternative Use

  Use

  Valuation

  Residential

  $7,084,896

  Hospitality

  $6,489,727

  Educational

  $5,399,377

  Medical

  $5,585,070

  Retail

  $8,399,031

Location Insight

City

Islip Terrace

County

Suffolk

State

New York

Latitude

40.7434

Longitude

-73.1979

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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