170 Tulip Ave Floral Park, NY 11001-2706
- Banks
- 4,385 SF
- 0.28 lot acres
Current Use by Public Records
- AMINO REALTY GROUP / Real Estate Consultant
- Hukay Hair Salon / Hair Salon
- Hands-on Heating & Air Conditioning Repair / Air Conditioning System Supplier
Property Details for 170 Tulip Ave
- Year built
- 1956
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.28 lot acres
- Property size
- 4,385 SF
- Property type
- Banks
- APN
- 32-119-00-0095
- APU
- 32119000095
Description
This exceptional commercial property at 170 Tulip Avenue in Floral Park, NY, presents a unique leasing opportunity. The two-story, 26,313 square foot building, constructed in 1956, sits on a 0.41-acre lot (17,860 sq ft) and boasts a highly visible corner location at the intersection of Tulip Avenue and Plainfield Avenue. Currently, 17,542 square feet are available, with a minimum leasable space of 500 square feet, making it ideal for a variety of businesses. The building's diverse history includes a former bank, evidenced by an existing drive-thru window, offering potential for unique adaptations. The property is classified as Class B and features 17 on-site parking spaces, supplemented by three nearby municipal lots. Its adaptable layout suits various uses, including traditional office, coworking, medical office, executive office, creative office, commercial, bank, healthcare, restaurant, retail, gym, and wellness spaces. This prime Floral Park location offers excellent visibility and accessibility, making it an attractive option for businesses seeking to establish or expand their presence. The property's versatile nature and convenient amenities make it a compelling investment for a wide range of commercial enterprises.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,955,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,815,000
- 6.5%
- $3,100,000
- 7%
- $3,185,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,010,000
- Geo Method
- $3,370,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,060,000
- Retail
- $2,765,000
- Mixed-Use
- $2,670,000
- Hospitality
- $3,070,000
- Educational
- $3,365,000
- Residential Income
- $3,475,000
- Energy
- $2,980,000
- Income-Based Land
- $3,180,000
- Food Service
- $3,570,000
Location Insight
- Map
- Local Demand
- City
- Floral Park
- County
- Nassau
- State
- New York
- Longitude
- -73.7027
- Latitude
- 40.7238
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
