55 Willis Ave Mineola, NY 11501
- Commercial real estate
- 1,160 SF
- 0.12 lot acres
Current Use by Public Records
- Emerald Estates Realty Group / Real Estate Agency
Property Details for 55 Willis Ave
- Year built
- 1902
- Construction
- FRAME
- Lot size
- 0.12 lot acres
- Property size
- 1,160 SF
- Property type
- Commercial real estate
- APN
- 09-129-00-0229
- APU
- 9129000229
Description
This exceptional commercial property at 55 Willis Ave, Mineola, NY presents a compelling investment or owner-user opportunity. The 3,426 square foot, two-story building enjoys a highly visible location directly across from The Allure Mineola, ensuring significant foot traffic and brand recognition. The property features two spacious floors, each with its own independent entrance, providing flexibility for multiple tenants or a single large operation. A sizable basement offers additional storage space, enhancing the property's overall utility. Currently configured for professional use, the building is well-suited for a variety of businesses, including but not limited to legal, financial, or medical practices. Convenience is maximized with a dedicated parking lot, eliminating the challenges often associated with urban commercial properties. The building's strategic location offers excellent access to public transportation and major roadways, simplifying commutes for employees and clients. Situated on a 0.12-acre lot, this property represents a rare combination of prime location, versatile space, and convenient amenities. The asking price is $999,000. This is a unique chance to acquire a thriving commercial property in a desirable Mineola location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $995,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $935,000
- 6.5%
- $1,075,000
- 7%
- $1,075,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,075,000
- Geo Method
- $980,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $900,000
- Retail
- $975,000
- Mixed-Use
- $895,000
- Hospitality
- $960,000
- Educational
- $1,095,000
- Residential Income
- $895,000
- Energy
- $880,000
- Income-Based Land
- $1,080,000
- Food Service
- $1,050,000
Location Insight
- Map
- Local Demand
- City
- Mineola
- County
- Nassau
- State
- New York
- Longitude
- -73.6366
- Latitude
- 40.7405
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
