475 Main StEast Patchogue, NY 11772

Property Details for 475 Main St

Lot size

1.19 AC

Property type

Office buildings

APN

0200-977.60-01.00-041.000

APU

200977600100041000

Description

This exceptional two-story, Class B office building at 475 E. Main Street, East Patchogue, NY 11772, offers a unique leasing opportunity. The 40,000 square foot building features seven suites, with 9,679 square feet currently available. Spaces range from a minimum of 589 square feet to a maximum contiguous space of 2,750 square feet, ideal for medical or professional office use. The property boasts a grand entry, a single elevator, and ample parking with 200 spaces situated on a 1.19-acre lot. Its strategic location on East Main Street provides excellent visibility and accessibility, with daily traffic counts exceeding 23,000 vehicles. The building is conveniently located near Long Island Community Hospital, major retailers, Sunrise Highway, the Long Island Expressway, and public transportation. The property is zoned for commercial office use and benefits from its position in the heart of East Patchogue, Suffolk County. This is an excellent opportunity to establish a presence in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $9,581,862

  6.5%

  $8,844,795

  7%

  $8,213,024

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,772,892

  Geo Method

  $6,772,892

• Alternative Use

  Use

  Valuation

  Residential

  $10,967,546

  Hospitality

  $10,046,213

  Educational

  $8,358,332

  Medical

  $8,645,787

  Retail

  $13,001,849

Location Insight

City

Patchogue

County

Suffolk

State

New York

Latitude

40.7675

Longitude

-72.9977

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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