164 Main St Babylon, NY 11702-3411
This exceptional mixed-use property, located at 164 W Main St in the vibrant Village of Babylon, NY, presents a unique investment opportunity. The building, totaling 3,265 square feet, is ideally suited for medical professionals seeking a prominent location with excellent visibility. Its prime position within the village ensures high foot traffic and easy accessibility for patients. The property boasts a substantial parking lot, a significant advantage in a busy commercial area, ensuring ample space for patients and staff. The generous lot size, measuring 75 feet by 229 feet, offers potential for future expansion or development, subject to local zoning regulations. The building's current configuration is well-suited for a variety of medical practices, offering a flexible layout adaptable to diverse needs. The annual property taxes are $21,897.89. This turnkey medical building represents a rare opportunity to acquire a well-established and highly visible property in a thriving Long Island community. The combination of location, size, and parking makes this an exceptional investment for discerning buyers seeking a strong return on investment in a desirable market. Serious inquiries are encouraged to explore this promising opportunity further. The property is offered at $2,100,000.
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Beck Valerie G Employment Agency
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Claudia S. Cockerill, PHD Physician Medical Clinic
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Richard J Valinotti Md Pc Physician
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Leddy Vincent MD Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.