505 Walt Whitman Rd Melville, NY 11747
- Community centers
- 1.16 lot acres
Current Use by Public Records
- STEINWAY PIANO GALLERY / Electronics Store
- Spirit Halloween / Costume Store / Party Store
Property Details for 505 Walt Whitman Rd
- Lot size
- 1.16 lot acres
- Zone code
- C5
- Property type
- Community centers
- APN
- 0400-233.00-03.00-053.000
- APU
- 400233000300053000
Description
This exceptional 9,136 square foot single-tenant medical office building is ideally situated in Suffolk County on 505 Walt Whitman Road. The property offers ample parking with approximately 50 spaces, and is strategically located for optimal accessibility and visibility. The building's prominent location on Route 110/Walt Whitman Road boasts high traffic volume, exceeding 35,200 vehicles per day. Its proximity to major roadways, including being just one mile north of the Northern State Parkway and two miles north of the Long Island Expressway (495), ensures convenient access for patients and staff. The entire building is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire space. The property is zoned for a variety of uses, including retail, office, and restaurant, offering flexibility for potential tenants. While currently configured as a medical office, the space can be adapted to suit various business needs. The potential for expanded parking is also being considered, further enhancing the property's appeal. This is a rare opportunity to secure a substantial, well-located commercial space in a high-traffic area of Suffolk County. All uses are considered, and divisions of the space may be possible. Inquire today to learn more about this outstanding property.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,245,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,515,000
- 6.5%
- $3,480,000
- 7%
- $3,350,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,435,000
- Geo Method
- $3,295,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,810,000
- Retail
- $3,565,000
- Mixed-Use
- $3,050,000
- Hospitality
- $3,660,000
- Educational
- $3,055,000
- Residential Income
- $3,325,000
- Energy
- $2,980,000
- Income-Based Land
- $2,830,000
- Food Service
- $3,480,000
Location Insight
- Map
- Local Demand
- City
- Huntington Station
- County
- Suffolk
- State
- New York
- Longitude
- -73.4102
- Latitude
- 40.8114
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
