501 William Floyd Pkwy Shirley, NY 11967
For Sale
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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.
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Academic Associates Reading Center Of New York Tutoring Service
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Long Island Public Services Advocacy Group
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Adam Cohen Alternative Medicine Practice
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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.