559-561 Lake Ave Saint James, NY 11780
- Office buildings
- 0.25 lot acres
Current Use by Public Records
- Office buildings
Property Details for 559-561 Lake Ave
- Lot size
- 0.25 lot acres
- Property type
- Office buildings
- APN
- 0800-036.00-03.00-002.000
- APU
- 800036000300002000
Description
This exceptional investment opportunity presents a two-story masonry building located at 559-561 Lake Avenue in St. James, New York, 11780. The property boasts a substantial 12,500 square feet of space, strategically divided into four rental units. Three of these units are dedicated commercial storefronts, perfectly suited for a variety of businesses, while the fourth unit is a second-floor apartment, offering additional income potential. The building benefits from ample on-site parking, accommodating 21 vehicles, a significant advantage in this location. With a prominent 100-foot frontage on Lake Avenue, the property enjoys high visibility and accessibility. Its advantageous location directly across from St. James Elementary School ensures consistent foot traffic and a strong local presence. The building's infrastructure is robust, featuring four separate electric meters for efficient utility management, along with gas, oil, electric, and heat pump heating systems, providing flexibility and cost-effectiveness. This multi-unit property offers a compelling blend of commercial and residential income streams, making it an attractive investment prospect with significant upside potential. The asking price is $975,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saint James
- County
- Suffolk
- State
- New York
- Longitude
- -73.1577
- Latitude
- 40.8852
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
