390 Moffitt Blvd Islip, NY 11751
- Warehouses
- 0.23 lot acres
Current Use by Public Records
- Tom Siegfried Plumbing & Heating Co / Plumber
Property Details for 390 Moffitt Blvd
- Lot size
- 0.23 lot acres
- Zone code
- IND1
- Property type
- Warehouses
- APN
- 0500-345.00-01.00-020.000
- APU
- 500345000100020000
Description
This exceptional 9,710-square-foot industrial property, located at 390 Moffit Blvd in Islip, New York, presents a unique investment opportunity. The building, constructed in 1975 and extensively renovated in 2023, boasts a versatile design suitable for flex, manufacturing, or warehouse uses. The two-story structure features a 20-foot ceiling height, providing ample space for various operations. Improvements completed in 2023 include a new HVAC system, updated lighting, new siding, and four renovated bathrooms. The property sits on a 0.25-acre lot and includes a fenced yard with two convenient access points. Five dedicated parking spaces are available for employees and visitors. A comprehensive security system with cameras ensures the safety and security of the premises. The property is zoned Industrial 1 and is conveniently located adjacent to the Islip LIRR station, offering easy access to public transportation. The seller is open to considering a sale-leaseback arrangement with partial occupancy, providing flexibility for potential buyers. This turnkey property offers a blend of modern amenities and a prime location, making it an ideal choice for owner-users seeking a functional and well-maintained space. The gross lease structure simplifies management, and the multi-tenant capability offers potential for future income generation.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $850,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $890,000
- 6.5%
- $875,000
- 7%
- $920,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $840,000
- Geo Method
- $830,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $785,000
- Retail
- $1,020,000
- Mixed-Use
- $800,000
- Hospitality
- $815,000
- Educational
- $1,010,000
- Residential Income
- $775,000
- Energy
- $860,000
- Income-Based Land
- $880,000
- Food Service
- $965,000
Location Insight
- Map
- Local Demand
- City
- Islip
- County
- Suffolk
- State
- New York
- Longitude
- -73.2083
- Latitude
- 40.7365
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
