429 Main StPatchogue, NY 11772

Property Details for 429 Main St

Lot size

0.25 AC

Property type

Investment properties

Property subtype

Retail residential properties

APN

0204-012.00-03.00-031.000

APU

204012000300031000

Description

This exceptional 8,000-square-foot commercial property at 429 W Main St, Patchogue, NY 11772, presents a rare opportunity. The building, renovated in 2023, offers a versatile single-tenant space ideal for a variety of businesses. Currently, 4,000 square feet are available for lease. The space boasts a modern, fully renovated interior featuring a large open showroom with impressive 14-foot ceilings. Three private offices and a private bathroom provide ample space for administrative needs. The property includes a private parking lot, enhancing convenience and security. Further enhancing the space are outside security cameras and a built-in Sonos sound system in the main area. Practical features include bi-weekly garbage/dumpster service and two distinct heating/cooling zones for optimal climate control. The building sits on a 0.25-acre lot and is strategically located on West Main Street, offering excellent visibility and accessibility. Its prime location in Patchogue places it minutes from the revitalized village center and its amenities. Major roadways, including Nichols Road, Veterans Highway, and Sunrise Highway, are easily accessible, as is Islip Airport (less than ten minutes away). This property is perfect for businesses seeking a blend of retail, office, and warehouse space in a vibrant and convenient location. Don't miss this chance to secure a highly desirable commercial space in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,496,125

  6.5%

  $2,304,115

  7%

  $2,139,536

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,205,476

  Geo Method

  $2,205,476

• Alternative Use

  Use

  Valuation

  Residential

  $2,304,115

  Hospitality

  $2,110,557

  Educational

  $1,755,959

  Medical

  $1,816,349

  Retail

  $2,731,492

Location Insight

City

Patchogue

County

Suffolk

State

New York

Latitude

40.7619

Longitude

-73.0288

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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