7 Lawrence Hill RdHuntington, NY 11743

Property Details for 7 Lawrence Hill Rd

Lot size

0.47 AC

Zone code

R5

Property type

Office properties

Property subtype

Office buildings

APN

0400-069.00-01.00-014.001

APU

400069000100014001

Description

This exceptional 6,033 square foot medical office building, located at 7 Lawrence Hill Rd in Huntington, New York, presents a compelling value-add investment opportunity. Priced at $1,895,000 ($314.11/SF), this two-story building boasts an ideal location at the western edge of town, positioned prominently where Main Street intersects with Route 25A and Lawrence Hill Road, ensuring high visibility and excellent accessibility. The property is currently vacant, offering immediate occupancy and the chance to customize the space to meet specific needs. Ample parking is provided with a dedicated lot accommodating 32 vehicles. The building is zoned R5 and features individual utility meters for efficient cost management. This prime location in Suffolk County, NY (zip code 11743), combined with the substantial square footage and convenient parking, makes this a rare opportunity for medical professionals or investors seeking a strong foothold in a thriving market. The building's strategic placement at a major intersection guarantees high traffic volume and significant exposure, making it an attractive proposition for a variety of medical practices. This is a chance to acquire a well-situated, ready-to-occupy medical office building with significant potential for growth and return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $3,384,798

  6.5%

  $3,124,429

  7%

  $2,901,256

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,675,002

  Geo Method

  $2,675,002

• Alternative Use

  Use

  Valuation

  Residential

  $3,874,292

  Hospitality

  $3,548,831

  Educational

  $2,952,586

  Medical

  $3,054,130

  Retail

  $4,592,911

Location Insight

City

Huntington

County

Suffolk

State

New York

Latitude

40.8695

Longitude

-73.435

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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