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    20 Grand Ave Shirley, NY 11967

    For Sale
    $1,305,000

    6,000 SF Vacant Medical Office Building

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 6,000-square-foot medical office building, located at 20 Grand Ave in Shirley, NY, is offered for sale at $1,305,000. Built in 1990, this Class B property sits on a 0.6-acre lot and features 32 parking spaces. Currently vacant, it presents a compelling opportunistic investment with a pro-forma cap rate of 7.66% and a pro-forma NOI of $100,000. The building is a single-story structure with commercial zoning. Its convenient location offers easy access to Sunrise Hwy, William Floyd Pkwy, and Montauk Hwy, and is within walking distance of the Mastic-Shirley Train Station. The property benefits from its proximity to various neighborhood retail amenities, making it an attractive option for medical professionals or investors seeking a strong foothold in a thriving community. The price per square foot is $217.50. The property is offered fee simple. The Suffolk County APN is 0200-851-00-03-00-006-001.

    Property Features for 20 Grand Ave

    General Information

    Property type
    Medical offices
    Square Feet
    6,000 SF
    Class
    B
    Lot Size
    26,136 SF

    Building Details

    Year Built
    1990
    Buildings
    1
    Stories
    1

    HighLights

    • 6,000 SF medical office building for sale at $1,305,000, vacant and ready for occupancy.
    • 32 on‑site parking spaces.
    • Excellent location near Sunrise Hwy, William Floyd Pkwy, and Montauk Hwy.
    • Walking distance to Mastic‑Shirley Train Station.
    • Strong retail amenities nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    IMCbonedoc Physical Therapy Clinic Dr. Robert Hecht, ... Physical Therapist Nabil Farakh, D.O., ... Chiropractor Sarah A Gaballah Sports Medicine Physician Dr. Stephen Wade Pain Management Physician

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Shirley
    County
    Suffolk
    State
    New York
    Longitude
    -72.86507252
    Latitude
    40.80286159

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    FAQs

    What type of property is this?
    Medical office - 6,000 SF Vacant Medical Office Building
    Where is this medical office located?
    The property is located at 20 Grand Ave Shirley, NY.
    What is the asking price?
    The asking price for this property is $1,305,000.
    What are key features of this property?
    This property features: 6,000 SF medical office building for sale at $1,305,000, vacant and ready for occupancy.; 32 on-site parking spaces.; Excellent location near Sunrise Hwy, William Floyd Pkwy, and Montauk Hwy.
    Request Owner's contact information
    20 Grand Ave Shirley, NY 11967
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    Shirley, NY 11967
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    20 Grand Ave Shirley, NY 11967
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