20 Grand AveShirley, NY 11967

Property Details for 20 Grand Ave

Lot size

0.60 AC

Property type

Office buildings

APN

0200-851.00-03.00-006.001

APU

200851000300006001

Description

This exceptional 6,000-square-foot medical office building, located at 20 Grand Ave in Shirley, New York, presents a unique investment opportunity. The property, built in 1990, sits on a 0.6-acre lot and offers a single-tenant occupancy configuration, currently vacant and ready for immediate use. The building's functionality is enhanced by ample on-site parking, accommodating 32 vehicles, a significant advantage for both patients and staff. Its convenient Shirley location provides easy access to various neighborhood retail establishments and amenities, ensuring a high level of convenience for occupants and visitors. The property is classified as a medical office building within the Office property type, making it ideally suited for a wide range of healthcare practices. The building's total square footage is 6,000 square feet, all of which is currently vacant, providing a blank canvas for a new tenant or owner to customize the space to their specific needs. Situated in Suffolk County, New York, with a zip code of 11967, this property offers a compelling combination of size, location, and parking, making it an attractive prospect for those seeking a medical office space in a thriving community. The property is available for sale or lease.

• CAP approach

  CAP return

  Valuation

  6%

  $4,831,293

  6.5%

  $4,459,655

  7%

  $4,141,108

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,414,930

  Geo Method

  $3,414,930

• Alternative Use

  Use

  Valuation

  Residential

  $5,529,972

  Hospitality

  $5,065,425

  Educational

  $4,214,374

  Medical

  $4,359,313

  Retail

  $6,555,693

Location Insight

City

Shirley

County

Suffolk

State

New York

Latitude

40.803

Longitude

-72.8646

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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