191 Terry RdSmithtown, NY 11787

Property Details for 191 Terry Rd

Lot size

0.31 AC

Property size (Sq ft)

4,888 SF

Property type

Office buildings

APN

0800-134.00-05.00-021.000

APU

800134000500021000

Description

This exceptional 5,200 square foot office building, located at 191 Terry Road in Smithtown, New York, presents a unique investment opportunity. Situated on a quarter-acre lot in Suffolk County, this newly updated building boasts three floors, each with its own private entrance, offering unparalleled flexibility and privacy. Ideal for medical practices or legal offices, the property is in excellent condition and features prominent signage. The building is fully alarmed, ensuring security and peace of mind. The asking price is $945,000, with annual property taxes totaling $13,600. The price per square foot is $181.73. This versatile space is perfect for a variety of professional uses and represents a compelling opportunity for discerning buyers seeking a well-maintained, conveniently located office building in a thriving community. The property's prime location in Smithtown, NY 11787, offers easy access to major transportation routes and a wealth of amenities. This is a must-see property for any business seeking a prestigious and functional workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $808,132

  6.5%

  $745,968

  7%

  $692,685

• Comparable approach

  Method

  Valuation

  Relative Method

  $638,666

  Geo Method

  $638,666

• Alternative Use

  Use

  Valuation

  Residential

  $925,001

  Hospitality

  $847,296

  Educational

  $704,940

  Medical

  $729,184

  Retail

  $1,096,574

Location Insight

City

Smithtown

County

Suffolk

State

New York

Latitude

40.844

Longitude

-73.1681

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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