510 Park BlvdMassapequa Park, NY 11762

Property Details for 510 Park Blvd

Year built

1953

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.11 AC

Property size (Sq ft)

1,820 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

57-061-00-0250

APU

57061000250

Description

This exceptional mixed-use investment property, located at 510-514 Park Blvd in Massapequa Park, NY 11762, presents a compelling opportunity for discerning investors. The property encompasses a 7,216 square foot building featuring three storefronts, ideally suited for a variety of retail or office uses. Its prime location, just off Sunrise Highway, ensures high visibility and accessibility, attracting significant foot traffic and convenient access for customers and employees. The property also includes a valuable asset: an eleven-space parking lot, addressing the crucial need for convenient parking in a busy commercial area. The asking price for this lucrative investment is $1,700,000. This three-storefront strip offers a strong potential for rental income and appreciation, making it an attractive addition to any commercial real estate portfolio. The property's strategic location in Nassau County, New York, within the vibrant Massapequa Park community, further enhances its investment appeal. This is a rare opportunity to acquire a well-positioned, income-generating property in a thriving market. The combination of high visibility, ample parking, and multiple retail spaces makes this a truly exceptional investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $383,910

  6.5%

  $354,378

  7%

  $329,066

• Comparable approach

  Method

  Valuation

  Relative Method

  $368,592

  Geo Method

  $368,592

• Alternative Use

  Use

  Valuation

  Residential

  $354,378

  Hospitality

  $324,609

  Educational

  $270,071

  Medical

  $279,359

  Retail

  $420,110

Location Insight

City

Massapequa Park

County

Nassau

State

New York

Latitude

40.6766

Longitude

-73.4568

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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