7 Lawrence Hl Rd Huntington, NY 11743-3143
- Office buildings
- 0.47 lot acres
Current Use by Public Records
- Zuber Gerri / Dentist
- Mathison Joyce / Dentist
- Charles Timson / Family Practice Physician / Practitioner Service Location
- Robert Timson / Dentist
- Christopher Finnegan PA-C / Physician Assistant
Property Details for 7 Lawrence Hl Rd
- Lot size
- 0.47 lot acres
- Zone code
- R5
- Property type
- Office buildings
- APN
- 0400-069.00-01.00-014.001
- APU
- 400069000100014001
Description
This exceptional 6,033 square foot medical office building, located at 7 Lawrence Hill Rd in Huntington, New York, presents a compelling value-add investment opportunity. Priced at $1,895,000 ($314.11/SF), this two-story building boasts an ideal location at the western edge of town, positioned prominently where Main Street intersects with Route 25A and Lawrence Hill Road, ensuring high visibility and excellent accessibility. The property is currently vacant, offering immediate occupancy and the chance to customize the space to meet specific needs. Ample parking is provided with a dedicated lot accommodating 32 vehicles. The building is zoned R5 and features individual utility meters for efficient cost management. This prime location in Suffolk County, NY (zip code 11743), combined with the substantial square footage and convenient parking, makes this a rare opportunity for medical professionals or investors seeking a strong foothold in a thriving market. The building's strategic placement at a major intersection guarantees high traffic volume and significant exposure, making it an attractive proposition for a variety of medical practices. This is a chance to acquire a well-situated, ready-to-occupy medical office building with significant potential for growth and return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,870,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,585,000
- 6.5%
- $1,580,000
- 7%
- $1,645,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,550,000
- Geo Method
- $1,725,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,635,000
- Retail
- $1,780,000
- Mixed-Use
- $2,015,000
- Hospitality
- $1,525,000
- Educational
- $2,025,000
- Residential Income
- $1,635,000
- Energy
- $1,650,000
- Income-Based Land
- $1,550,000
- Food Service
- $1,580,000
Location Insight
- Map
- Local Demand
- City
- Huntington
- County
- Suffolk
- State
- New York
- Longitude
- -73.435
- Latitude
- 40.8695
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
