312 Hillside AveWilliston Park, NY 11596

Property Details for 312 Hillside Ave

Year built

1948

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.08 AC

Property size (Sq ft)

2,240 SF

Property type

Retail properties

Property subtype

Retail space

APN

09-143-00-0159

APU

9143000159

Description

This exceptional retail space at 312 Hillside Avenue offers a fantastic opportunity for a discerning business owner. The property boasts a prominent location on Hillside Avenue, a major two-way thoroughfare, with excellent visibility and accessibility. The ground floor comprises 1,300 square feet of retail space, featuring an attractive glass storefront with 23 feet of frontage, maximizing natural light and showcasing your business to passersby. A full basement of equal size (1,300 square feet) provides ample additional space for storage, inventory, or expansion, bringing the total square footage to 2,600 square feet. The property benefits from abundant parking options, including ample front street parking, convenient side street parking, and free municipal parking directly across the street, ensuring ease of access for customers and employees. The surrounding area is characterized by a high-income demographic and significant foot and vehicular traffic, creating a vibrant and lucrative retail environment. The property is situated in a retail strip alongside complementary businesses, including a daycare center, learning center, and fitness center, fostering a synergistic and thriving commercial atmosphere. This location offers a unique blend of high visibility, convenient parking, and a strong customer base, making it an ideal investment for a variety of retail ventures. The property is a single-tenant space, offering complete control and flexibility for the occupant. The total building square footage is 3,305 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $544,398

  6.5%

  $502,521

  7%

  $466,627

• Comparable approach

  Method

  Valuation

  Relative Method

  $737,550

  Geo Method

  $737,550

• Alternative Use

  Use

  Valuation

  Residential

  $423,896

  Hospitality

  $388,286

  Educational

  $323,049

  Medical

  $334,160

  Retail

  $502,521

Location Insight

City

Williston Park

County

Nassau

State

New York

Latitude

40.7545

Longitude

-73.6523

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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