1221 Route 25ASmithtown, NY 11787

Property Details for 1221 Route 25A

Lot size

0.19 AC

Property type

Investment properties

Property subtype

Retail residential properties

APN

0800-032.00-04.00-057.000

APU

800032000400057000

Description

This exceptional 1,750 square foot freestanding industrial building presents a remarkable investment opportunity in the highly desirable Smithtown, NY location. Situated on Route 25A, a road with incredibly high traffic volume, this property boasts unparalleled visibility and accessibility. Completely renovated three years ago, the building features a new roof, facade, windows, HVAC system, electrical and plumbing, parking lot, surveillance system, and sprinkler system. The smart-powered building offers remote operation of thermostats and lighting, and innovative smart doors that transition from clear to frosted glass at the touch of a button. The building's prominent glass frontage provides excellent visibility from Route 25A, with ample space for signage and branding. The first floor showcases high ceilings, an open floor plan, hardwood floors, custom raised paneling, and box molding, complemented by a spa-like, handicap-accessible bathroom. A mahogany staircase leads to a finished basement with a Certificate of Occupancy, featuring three egress windows, high ceilings, an enclosed conference room, 200-amp electrical service, gas heat, and a two-zone central AC system, supplemented by a Douglas mini-split unit. Eight parking spaces are available on-site, with additional public parking across the street at CVS. The property is currently zoned for 50 people and is being used as a business center and on-the-go office space. All furniture and pods are included in the sale. Low taxes make this a particularly attractive proposition. Previous uses include a bagel store (grease traps remain), liquor store, and dry cleaner. The owner is retiring, presenting a unique opportunity for a discerning buyer.

• CAP approach

  CAP return

  Valuation

  6%

  $1,696,655

  6.5%

  $1,566,143

  7%

  $1,454,276

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,676,080

  Geo Method

  $1,676,080

• Alternative Use

  Use

  Valuation

  Residential

  $1,566,143

  Hospitality

  $1,434,578

  Educational

  $1,193,552

  Medical

  $1,234,600

  Retail

  $1,856,637

Location Insight

City

Smithtown

County

Suffolk

State

New York

Latitude

40.8816

Longitude

-73.2204

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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