1 Main StCenter Moriches, NY 11934

  • Investment properties
  • 0.36 AC
For Sale
$950,000 View listing

Property Details for 1 Main St

Lot size
0.36 AC
Property type
Investment properties
Property subtype
Retail residential properties
APN
0200-857.00-05.00-001.000
APU
200857000500001000

Description

This 400 square foot, single-story building, built in 1960, sits on a 0.36-acre lot in Center Moriches, NY, at the signalized intersection of Lake Avenue. The property, zoned J-2

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,594,606
    6.5%
    $3,318,098
    7%
    $3,081,090
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,175,966
    Geo Method
    $3,175,966
  • Alternative Use

    Use
    Valuation
    Residential
    $3,318,098
    Hospitality
    $3,039,360
    Educational
    $2,528,711
    Medical
    $2,615,678
    Retail
    $3,933,551

Location Insight

City
Center Moriches
County
Suffolk
State
New York
Latitude
40.8002
Longitude
-72.7972
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
-
$600
$1,395
$1,995
-
$1,111
$2,583
$3,694

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