600 Wellwood AveLindenhurst, NY 11757

Property Details for 600 Wellwood Ave

Year built

1971

Lot size

8.40 AC

Property size (Sq ft)

100,651 SF

Zone code

EB

Property type

Retail properties

Property subtype

Retail space

APN

0100-207.00-03.00-003.000

APU

100207000300003000

Description

This exceptional retail opportunity presents a 4,050 square foot space for lease within a well-established shopping center located at 600 Wellwood Avenue in Lindenhurst, New York. The property, identified as 600 Wellwood Ave, boasts a total of 16,564 square feet and is classified as a multi-tenant shopping center in Suffolk County. This particular unit offers significant potential for a variety of retail businesses. The ample parking is a key advantage, with 510 stalls providing a generous parking ratio of 4.99 spaces per 1,000 square feet. The property's location in Lindenhurst, NY, zip code 11757, provides excellent access to a thriving community. The address is conveniently situated at 600 Wellwood Ave, offering high visibility and accessibility for customers. This space is currently vacant and ready for immediate occupancy, presenting a unique chance to establish or expand a retail presence in a desirable location. The property's classification as a shopping center suggests a strong potential for synergy with neighboring businesses, creating a vibrant and attractive retail environment. The total building comprises a single suite, making this a standalone opportunity within a larger complex. This presents a chance to secure a significant retail footprint in a well-established commercial area. The property's location in Suffolk County, New York, offers access to a large and diverse customer base.

• CAP approach

  CAP return

  Valuation

  6%

  $26,612,516

  6.5%

  $24,565,398

  7%

  $22,810,728

• Comparable approach

  Method

  Valuation

  Relative Method

  $33,140,670

  Geo Method

  $33,140,670

• Alternative Use

  Use

  Valuation

  Residential

  $20,721,832

  Hospitality

  $18,981,088

  Educational

  $15,792,042

  Medical

  $16,335,155

  Retail

  $24,565,398

Location Insight

City

Lindenhurst

County

Suffolk

State

New York

Latitude

40.6997

Longitude

-73.383

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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