1000 Park BlvdMassapequa Park, NY 11762

  • Retail space
  • 14,378 SF

Property Details for 1000 Park Blvd

Year built
1953
Construction
FRAME
Lot size
0.66 AC
Property size (Sq ft)
14,378 SF
Property type
Retail space
APN
52-130-00-4770
APU
52130004770

Description

This exceptional commercial property, located at 1000 Park Boulevard in Massapequa Park, NY 11762, offers 6,717 square feet of versatile space, currently entirely vacant and ready for immediate occupancy. The property is ideally suited for a variety of retail and executive office uses, with flexible lease options available. Units range from a minimum of 400 square feet to a maximum contiguous space of 4,065 square feet, allowing for customization to meet diverse business needs. The building features multiple tenancies, providing opportunities for both large and small businesses. Its strategic location directly across from the Long Island Rail Road (LIRR) station ensures high visibility and convenient access for commuters. Furthermore, the property benefits from ample parking, including an exclusive building lot, adjacent municipal parking, and convenient street parking. The building's prominent position, visible from Sunrise Highway, guarantees significant exposure to a large volume of daily traffic. This presents a rare opportunity to establish a thriving business in a highly desirable and accessible location within Nassau County. The property's size and layout offer significant potential for a variety of commercial ventures. Contact us today to learn more about this exceptional opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,494,356
    6.5%
    $3,225,559
    7%
    $2,995,162
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,734,146
    Geo Method
    $4,734,146
  • Alternative Use

    Use
    Valuation
    Residential
    $2,720,880
    Hospitality
    $2,492,312
    Educational
    $2,073,574
    Medical
    $2,144,887
    Retail
    $3,225,559

Location Insight

City
Massapequa Park
County
Nassau
State
New York
Latitude
40.6783
Longitude
-73.4564
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$163,307
$6,185
$15,258
$21,443
-
-
-
$2,144,300

FAQs

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