99 Grand AveMassapequa, NY 11758

Property Details for 99 Grand Ave

Year built

1966

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.17 AC

Property size (Sq ft)

5,187 SF

Property type

Office buildings

APN

52-203-00-0030

APU

52203000030

Description

This exceptional 5,187 square foot freestanding medical building presents a rare investment opportunity in the thriving Massapequa, NY market. Strategically located just half a block from the Long Island Rail Road (LIRR) and directly across the street from a municipal parking lot, this property boasts unparalleled visibility and accessibility. The building's prominent location ensures high foot traffic and convenient access for patients and clients. Currently, a portion of the building (1,650 square feet) is occupied by a dental practice, demonstrating the property's suitability for medical and professional office uses. The 0.17-acre lot provides ample space for parking and potential expansion. The asking price of $1,299,999 reflects the significant value and potential return on investment this unique property offers. Its prime location, substantial size, and existing tenant occupancy make it an ideal acquisition for investors seeking a strong foothold in the Long Island commercial real estate market. The building's versatile layout allows for a variety of configurations to suit the needs of different medical or professional practices. This is a truly exceptional opportunity to acquire a high-demand property in a highly desirable location. Don't miss out on this chance to own a piece of Massapequa's thriving commercial landscape. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $857,566

  6.5%

  $791,599

  7%

  $735,057

• Comparable approach

  Method

  Valuation

  Relative Method

  $677,733

  Geo Method

  $677,733

• Alternative Use

  Use

  Valuation

  Residential

  $981,583

  Hospitality

  $899,125

  Educational

  $748,061

  Medical

  $773,788

  Retail

  $1,163,651

Location Insight

City

Massapequa

County

Nassau

State

New York

Latitude

40.6779

Longitude

-73.4733

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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