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Property profile & analytics
FOR SALE
Commercial real estate

501 William Floyd Pkwy Shirley, NY 11967

3,078 SF Built 1990
Entity Owned
Property ID
US63-1615656
Property summary
AI-generated overview

This exceptional 3,078 square foot, single-story office building, constructed in 1990 and extensively renovated in 2020, presents a compelling investment opportunity in Shirley, NY's thriving J Business District. Situated on a substantial 30,056 square foot lot, the property boasts a fully paved parking lot accommodating 17 vehicles. Currently configured as three separate office suites, each offers a unique layout to suit diverse business needs. Unit 1, previously owner-occupied, features a kitchenette, reception area, two private offices, a conference room, and two full bathrooms. Units 2 and 3, currently rented below market value on month-to-month leases, offer varying configurations of private offices, reception areas, and shared half-baths. A full finished basement with an outside entrance provides ample storage or expansion potential. The building is equipped with a 3-zone oil heating system, separate hot water heater, 2-zone central air conditioning, and 2 ductless AC units, all served by a single electrical meter. The current occupancy is 50%, offering immediate income potential and the flexibility to fully occupy the building upon closing. The J Business District zoning allows for a wide range of uses, making this property highly adaptable to various business models. This move-in ready property represents a rare opportunity to acquire a well-maintained, versatile commercial space in a prime location.

Property profile
Verified
Property type Commercial real estate
Year built 1990
Total area 3,078 SF
UPID US63-1615656
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Charlesworth B Varlack Agency Insurance Agency
  • Insurance Trust Insurance Agency
  • Academic Associates Reading Center Of New York Tutoring Service
  • Long Island Public Services Advocacy Group
  • Adam Cohen Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
501 William LLC
501 William LLC
since 2025
1 recorded transaction
2025
$645,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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