440 William Floyd PkwyShirley, NY 11967

Property Details for 440 William Floyd Pkwy

Lot size

0.28 AC

Property type

Investment properties

Property subtype

Retail residential properties

APN

0200-967.00-01.00-045.000

APU

200967000100045000

Description

This exceptional 2,556 square foot industrial building, located at 440 William Floyd Pkwy in Shirley, NY, presents a unique investment opportunity. Situated on a 0.28-acre lot in a high-traffic area, this property benefits from its location on one of Long Island's busiest commuter and tourism corridors, boasting consistently high daily vehicle traffic counts. The building is strategically positioned near numerous nationally branded quick-service restaurants and retail establishments, ensuring high visibility and accessibility. Currently housing a stabilized food service tenant under a ten-year lease with annual CPI increases, this property offers a strong, predictable income stream. The property has undergone a complete interior and exterior renovation, including a new kitchen, Ansul system, HVAC, flooring, dining areas, roofing, parking lot, landscaping, and facade, eliminating any deferred maintenance for the new owner. The building features two crosswalks leading directly to the property, full sidewalks for pedestrian traffic, a lighted intersection, and prominent lighted building and pylon signage visible from three directions. The unobstructed sightlines from both north and south on William Floyd Parkway further enhance its visibility and appeal. This triple-net (NNN) lease property represents a prime long-term quick-service restaurant asset with significant potential for growth and return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,795,762

  6.5%

  $2,580,703

  7%

  $2,396,367

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,470,173

  Geo Method

  $2,470,173

• Alternative Use

  Use

  Valuation

  Residential

  $2,580,703

  Hospitality

  $2,363,910

  Educational

  $1,966,745

  Medical

  $2,034,385

  Retail

  $3,059,382

Location Insight

City

Shirley

County

Suffolk

State

New York

Latitude

40.7834

Longitude

-72.8648

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].