110 Stewart AveHicksville, NY 11801

Property Details for 110 Stewart Ave

Year built

1987

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.46 AC

Property size (Sq ft)

940 SF

Property type

Office properties

Property subtype

Office buildings

APN

45-346-00-0026

APU

45346000026

Description

This exceptional three-story, 10,000-square-foot office building at 110 Stewart Ave, Hicksville, NY 11801, presents a compelling owner-user opportunity. Located in Nassau County, this Class B property boasts a desirable location and ample parking. Built in 1986 and extensively renovated in 2020, the building offers a blend of classic charm and modern functionality. The property comprises four units within a single building situated on a 0.45-acre lot, providing significant flexibility for a variety of business needs. With 45 parking spaces available, employee and client parking is readily accommodated. The asking price is $3,600,000. The property can be delivered vacant, offering immediate occupancy for the new owner. This multi-tenant building presents a rare chance to acquire a well-maintained, strategically located office building in a thriving area of Long Island. The recent renovations ensure modern amenities and efficient operation, making this an ideal investment for businesses seeking a substantial and adaptable workspace. The property's size and layout offer considerable potential for expansion or customization to suit specific business requirements. Don't miss this opportunity to secure a prime commercial property in Hicksville.

• CAP approach

  CAP return

  Valuation

  6%

  $155,410

  6.5%

  $143,455

  7%

  $133,209

• Comparable approach

  Method

  Valuation

  Relative Method

  $122,820

  Geo Method

  $122,820

• Alternative Use

  Use

  Valuation

  Residential

  $177,885

  Hospitality

  $162,941

  Educational

  $135,565

  Medical

  $140,228

  Retail

  $210,880

Location Insight

City

Hicksville

County

Nassau

State

New York

Latitude

40.7485

Longitude

-73.5452

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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