Property profile

71 Main St Oyster Bay, NY 11771

OFF-MARKET
Other commercial real estate
Property ID
US63-2375209
687 SF 0.25 ac lot Built 1923
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property at 71 W Main Street in Oyster Bay is a leased commercial retail/office unit totaling 550 square feet, located in the town’s central business area with street frontage and signage opportunities. The space features both front and rear entrances, with both entrances ADA compliant and served by an accessible ramp. Interior systems and finishes include a central HVAC system, carpeted floors, and one private restroom. The building also includes access to a designated rear parking lot. The site is positioned within minutes of Route 106, Route 25A, and the Oyster Bay LIRR station, in a surrounding area that includes restaurants, boutiques, parks, and beaches, and the unit is configured to support uses such as boutique retail, professional office, or service-oriented businesses.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1923
Construction FRAME
Total area 687 SF
Lot 0.25 ac (10,800 SF)
APN 27-006-00-0110
UPID US63-2375209

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Physician
  • Surveyor
  • Physician Medical Clinic
  • Insurance Agency

Location

71 Main St Oyster Bay, NY 11771-2258
Oyster Bay metro Census 518000 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$734k
Blend (final) Blend
$555k

Owner & transaction history

since 2016
4 recorded transactions
2016
$795,000
2004
$630,400
1991
$325,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $605,000 +35.5%
Office building $485,000 +9.0%
Auto repair, garage $450,000 +1.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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