408 Fort Salonga RdNorthport, NY 11768

Property Details for 408 Fort Salonga Rd

Lot size

0.43 AC

Zone code

C6

Property type

Investment properties

Property subtype

Live-work space

APN

0400-056.00-02.00-001.000

APU

400056000200001000

Description

This beautifully renovated two-story office building is ideally situated on the busy 25A, just east of the Elwood Road traffic light. Boasting excellent visibility and lighted signage, this property offers significant advantages for a variety of professional businesses. Completely renovated just three years ago, the building features eight individual offices, providing ample space for a team or multiple tenants. Two lavatories, a convenient kitchen, and a walk-up attic for storage ensure functionality and practicality. A full basement offers additional storage or potential for expansion. The building also provides four points of egress, meeting safety standards and facilitating easy access. Extensive parking is available on-site, a significant benefit in a high-traffic area. The previous tenants included an acupuncturist and a massage therapist, demonstrating the suitability of the space for a range of professional services. This property is perfect for lawyers, accountants, consultants, architects, or real estate offices seeking a well-maintained, conveniently located space with high visibility. The building's recent renovation ensures modern amenities and a professional aesthetic. Its prime location on 25A guarantees high traffic and excellent exposure for any business.

• CAP approach

  CAP return

  Valuation

  6%

  $3,096,794

  6.5%

  $2,858,579

  7%

  $2,654,395

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,447,392

  Geo Method

  $2,447,392

• Alternative Use

  Use

  Valuation

  Residential

  $3,544,638

  Hospitality

  $3,246,869

  Educational

  $2,701,357

  Medical

  $2,794,261

  Retail

  $4,202,111

Location Insight

City

Northport

County

Suffolk

State

New York

Latitude

40.892

Longitude

-73.34

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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