533 Montauk HwyEast Moriches, NY 11940

Property Details for 533 Montauk Hwy

Lot size

0.74 AC

Property type

Investment properties

Property subtype

Retail residential properties

APN

0200-860.00-01.00-047.000

APU

200860000100047000

Description

This exceptional property offers 3,230 square feet of brand new Class A medical office space in Suffolk County, built and renovated in 2024. The space is available as multiple suites, with a minimum divisible space of 1,580 square feet. Two individual suites are currently available, one measuring approximately 1650 square feet and the other 1580 square feet; these can be combined for a larger footprint. The asking rent is $30 per square foot, NNN. The building boasts 30 parking spaces in a private lot, supplemented by ample on-street parking, catering to both patients and staff. Its location on the highly trafficked Montauk Highway ensures excellent visibility and accessibility. Utilities are metered directly to the tenant for efficient cost management. The space features brand new, high-efficiency heating and air conditioning systems, ensuring a comfortable and energy-efficient environment. The property is zoned J2. This is an ideal opportunity for medical professionals seeking a modern, well-located, and easily accessible office space.

• CAP approach

  CAP return

  Valuation

  6%

  $7,388,656

  6.5%

  $6,820,298

  7%

  $6,333,134

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,528,126

  Geo Method

  $6,528,126

• Alternative Use

  Use

  Valuation

  Residential

  $6,820,298

  Hospitality

  $6,247,356

  Educational

  $5,197,728

  Medical

  $5,376,485

  Retail

  $8,085,354

Location Insight

City

East Moriches

County

Suffolk

State

New York

Latitude

40.8033

Longitude

-72.7651

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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