700 Stewart AveGarden City, NY 11530

Property Details for 700 Stewart Ave

Year built

1992

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.00 AC

Property size (Sq ft)

10,032 SF

Property type

Office properties

Property subtype

Office buildings

APN

44-00D-00-0145

APU

4400D000145

Description

This exceptional 17,000 square foot medical office building, located at 700 Stewart Avenue in Garden City, NY 11530, presents a unique investment opportunity. Constructed in 1992, this Class B property boasts a desirable location and features two stories, one building situated on one acre of land. The building includes elevators for convenient access. Currently offering multiple tenancies, there are two immediately available spaces ranging from 1,200 to 4,600 square feet, perfect for expanding practices or establishing a new presence. The property's excellent visibility provides a significant monument signage opportunity, enhancing brand recognition and attracting new patients. This well-maintained building offers a blend of functionality and prime location, making it an ideal choice for medical professionals seeking a thriving practice environment in the heart of Garden City. The property's strategic location within Garden City, New York, ensures easy access for patients and staff. This is a rare opportunity to acquire a well-established medical office building with significant growth potential. The available spaces offer flexibility for various medical specialties and sizes. Don't miss this chance to secure a prominent position in a highly sought-after medical market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,658,589

  6.5%

  $1,531,006

  7%

  $1,421,648

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,310,781

  Geo Method

  $1,310,781

• Alternative Use

  Use

  Valuation

  Residential

  $1,898,447

  Hospitality

  $1,738,967

  Educational

  $1,446,800

  Medical

  $1,496,558

  Retail

  $2,250,578

Location Insight

City

Garden City

County

Nassau

State

New York

Latitude

40.7318

Longitude

-73.6076

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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