691 Wellwood AveLindenhurst, NY 11757

Property Details for 691 Wellwood Ave

Lot size

0.30 AC

Zone code

E

Property type

Showrooms

APN

0100-207.00-01.00-002.001

APU

100207000100002001

Description

This vacant, 475 sq ft retail building, formerly a Dairy Barn, is situated on a 0.3-acre lot at 691 Wellwood Ave, Lindenhurst, NY 11757. Boasting a desirable location on the corner of South Straight Path, this property benefits from 50 feet of frontage on Wellwood Avenue and sees almost 34,000 cars pass daily. The building, constructed in 1960, features a single story, one unit, and includes a double drive-thru lane and three curb cuts. The BUS E zoning permits a variety of uses, making it ideal for an owner/user seeking a convenience store, coffee shop, quick-service restaurant, or similar business. With a median household income exceeding $108,000 within a one-mile radius and a population of nearly 299,000 people within five miles, this location offers significant market potential. The asking price is $975,000, translating to $2,052.63 per square foot. The property is vacant and available immediately. This fee-simple ownership opportunity presents a unique chance to establish a thriving business in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $3,285,870

  6.5%

  $3,033,111

  7%

  $2,816,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,326,518

  Geo Method

  $4,326,518

• Alternative Use

  Use

  Valuation

  Residential

  $2,558,542

  Hospitality

  $2,343,611

  Educational

  $1,949,857

  Medical

  $2,016,916

  Retail

  $3,033,111

Location Insight

City

Lindenhurst

County

Suffolk

State

New York

Latitude

40.7035

Longitude

-73.3868

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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