1870 Jericho TpkeHuntington, NY 11743

  • Mixed-use properties
  • 2.60 AC
For Lease

Property Details for 1870 Jericho Tpke

Lot size
2.60 AC
Zone code
C6
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
0400-214.00-02.00-004.001
APU
400214000200004001

Description

This exceptional 3,800 square foot retail space, located at 1870 East Jericho Turnpike in Suffolk County, presents a remarkable opportunity. Situated in a heavily trafficked retail corridor, this Class A property boasts a modern design, incredibly high ceilings, and a large private outdoor patio. Built in 1991, this two-story building offers a total of 33,000 square feet, with this particular space ideally suited for a restaurant or retail store. The location on East Jericho Turnpike, near East Deer Park Road, ensures high visibility and accessibility for customers. The flexible layout allows for customization to suit various business needs. The space is part of a multi-tenant building, offering a vibrant and bustling atmosphere. This prime location and modern design make it an exceptional opportunity for businesses seeking high foot traffic and strong brand visibility. The property's modern design and high ceilings create a welcoming and spacious environment. The private patio adds significant value, providing an outdoor space for customers to enjoy. Don't miss this chance to establish your business in a thriving retail environment.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $23,218,504
    6.5%
    $21,432,464
    7%
    $19,901,574
  • Comparable approach

    Method
    Valuation
    Relative Method
    $22,936,944
    Geo Method
    $22,936,944
  • Alternative Use

    Use
    Valuation
    Residential
    $21,432,464
    Hospitality
    $19,632,022
    Educational
    $16,333,612
    Medical
    $16,895,350
    Retail
    $25,407,842
1870 Jericho Tpke, Huntington, New York
Leaflet | © OpenStreetMap contributors

Location Insight

City
Huntington
County
Suffolk
State
New York
Latitude
40.8361
Longitude
-73.3337
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
-
$7,200
$9,600
$16,800
-
$13,091
$17,455
$30,546

FAQs

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