157 Medford Ave Patchogue, NY 11772-1207
- Investment properties
- 0.16 lot acres
Current Use by Public Records
- Brightway Insurance, The Orellana Agency / Insurance Agency / Home Insurance Agency
- S.O Accounting & Consulting LLC / Accountant / Bookkeeping Service
Property Details for 157 Medford Ave
- Lot size
- 0.16 lot acres
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 0204-006.00-03.00-007.000
- APU
- 204006000300007000
Description
This exceptional mixed-use building presents a remarkable investment opportunity in the thriving Patchogue, NY market. Located on high-traffic Route 112/157 Medford Ave, this completely renovated property boasts nearly 3,000 square feet of space and offers significant income potential. The building features 56 feet of prominent street frontage and ample parking for eight or more vehicles. Accessibility is ensured with an ADA-compliant ramp and bathroom on the lower level.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $695,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $640,000
- 6.5%
- $635,000
- 7%
- $590,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $495,000
- Geo Method
- $500,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $610,000
- Retail
- $715,000
- Mixed-Use
- $545,000
- Hospitality
- $680,000
- Educational
- $705,000
- Residential Income
- $645,000
- Energy
- $650,000
- Income-Based Land
- $695,000
- Food Service
- $710,000
Location Insight
- Map
- Local Demand
- City
- Patchogue
- County
- Suffolk
- State
- New York
- Longitude
- -73.0071
- Latitude
- 40.7721
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA