308 Main StSmithtown, NY 11787

Property Details for 308 Main St

Year built

1967

Lot size

0.52 AC

Property size (Sq ft)

9,800 SF

Property type

Office buildings

APN

0800-076.00-04.00-006.000

APU

800076000400006000

Description

This exceptional Class A, three-story executive office building at 308 W Main Street in Smithtown, NY, offers prime office space for lease. Recently renovated in 2023, the building boasts 22,651 square feet and features modern amenities including all-new central air and heat, updated flooring and ceilings, fresh paint and moldings, and keyless card entry. The building includes a total of 40 ample parking spaces, elevators, and on-site building management. Currently, there are two suites available, ranging from 538 to 678 square feet. Suite #205 is available for $1,300 per month. Common area maintenance (CAM) charges are included in the rent and cover electricity, heat, bathroom and common area cleaning, snow removal, and garbage disposal. Tenants are responsible for their own phone and internet services

• CAP approach

  CAP return

  Valuation

  6%

  $1,620,233

  6.5%

  $1,495,600

  7%

  $1,388,771

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,280,468

  Geo Method

  $1,280,468

• Alternative Use

  Use

  Valuation

  Residential

  $1,854,543

  Hospitality

  $1,698,752

  Educational

  $1,413,342

  Medical

  $1,461,948

  Retail

  $2,198,531

Location Insight

City

Smithtown

County

Suffolk

State

New York

Latitude

40.8569

Longitude

-73.2068

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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