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    Medical Office Building For Sale Title is generated by Realmo AI

    20 Grand Ave, Shirley, NY

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    Medical office building for sale or lease, delivered vacant.

    Type:OFFICE
    Property size:
    6,000 SF
    Lot size:
    0.60 Acres
    Price / SF:
    $198/SF
    Added:
    Dec 13, 2024
    Days on Market:
    549
    Last Refresh:
    May 20 at 9:08 pm

    Property Features for 20 Grand Ave

    General Information

    Standard status
    Active
    Size
    6,000 SF
    Lot size
    0.60 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Ron Koenigsberg
    Ron Koenigsberg

    Listing agent Ron Koenigsberg

    Listing office American Investment Properties, Inc.

    Listing date Dec 13, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of American Investment Properties, Inc.

    HighLights

    • Delivered Vacant at Sale (For Sale or Lease)
    • On‑Site Parking with 32 Spaces
    • Located Close to Sunrise Hwy, William Floyd Pkwy, and Montauk Hwy
    • Within Walking Distance to the Mastic – Shirley Train Station
    • Medical Office Building
    • Surrounded by Various Neighborhood Retail & Amenities

    Overview

    This medical office building, available for sale or lease, will be delivered vacant upon sale. The property includes on-site parking with 32 spaces. Its location offers convenient access to Sunrise Highway, William Floyd Parkway, and Montauk Highway. Additionally, the property is within walking distance of the Mastic-Shirley train station and is surrounded by various neighborhood retail options and amenities. The building has a size of 6,000 square feet.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $167.8k $27.96
    − Vacancy −$30.2k −$5.03
    EGI $137.6k $22.93
    − OpEx −$34.4k −$5.73
    NOI $103.2k $17.20
    6,000 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.47M
    $1.29M – $1.72M (±1% cap)
    NOI $103,172 @ 7.0% cap · market cap 8.67%
    Second Best
    Healthcare Medical
    $1.37M
    $1.20M – $1.60M (±1% cap)
    NOI $95,964 @ 7.0% cap · market cap 8.06%
    Theoretical Best
    Office A
    $1.83M
    $1.60M – $2.13M (±1% cap)
    NOI $127,951 @ 7.0% cap · market cap 10.75%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    IMCbonedoc Medical Clinic Dr. Robert Hecht, ... Physician Nabil Farakh, D.O., ... Alternative Medicine Practice Sarah A Gaballah Physician Dr. Stephen Wade Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Healing Hands 4 Paws Shirley Long Island — 2118, 1010 Montauk Hwy, Shirley, NY 11967
    • Shirley Veterinary Hospital Long Island — 1010 Montauk Hwy, Shirley, NY 11967

    Location Insight

    • Map
    • Local Demand
    City
    Shirley
    County
    Suffolk
    State
    New York
    Longitude
    -72.8646
    Latitude
    40.803

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    FAQs

    What type of property is this?
    Medical Office Space - Medical office building for sale or lease, delivered vacant.
    Where is this medical office space located?
    The property is located at 20 Grand Ave Shirley, NY.
    What is the asking price?
    The asking price for this property is $1,190,000.
    What are key features of this property?
    This property features: Delivered Vacant at Sale (For Sale or Lease); On‑Site Parking with **32 Spaces**; Located Close to Sunrise Hwy, William Floyd Pkwy, and Montauk Hwy
    (516) 993-7252 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ron Koenigsberg
    Ron Koenigsberg
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