75 Montauk Hwy Blue Point, NY 11715
- Investment properties
- 0.77 lot acres
Current Use by Public Records
- Five Star Coverage / Insurance Agency
Property Details for 75 Montauk Hwy
- Lot size
- 0.77 lot acres
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 0200-982.30-01.00-020.000
- APU
- 200982300100020000
Description
This exceptional Blue Point, NY industrial property, located at 75 Montauk Hwy, offers a compelling investment opportunity. The main building comprises 11,800 square feet of warehouse space, featuring 14-foot ceilings and a 14-foot drive-in door, ideal for various uses. The property sits on a 0.77-acre lot with 12 parking spaces and boasts 107 feet of frontage on the heavily trafficked Montauk Highway. A significant advantage is the inclusion of a separate, 2,000-square-foot retail building currently leased to an insurance company for $3,500 per month with three years remaining on the lease. This provides immediate rental income, potentially covering taxes, maintenance, and insurance. The main warehouse will be delivered vacant, perfect for an end-user. The property benefits from its proximity to Islip MacArthur Airport and major thoroughfares, surrounded by established businesses. Recent roof repairs and the J2 zoning designation add further value. Gas is available in the front unit, with oil in the rear. This property presents a rare combination of immediate income and significant potential for future growth. The asking price is $2,400,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,070,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,130,000
- 6.5%
- $1,130,000
- 7%
- $1,190,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,170,000
- Geo Method
- $1,075,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $980,000
- Retail
- $1,130,000
- Mixed-Use
- $1,120,000
- Hospitality
- $1,140,000
- Educational
- $1,065,000
- Residential Income
- $945,000
- Energy
- $1,080,000
- Income-Based Land
- $1,165,000
- Food Service
- $1,085,000
Location Insight
- Map
- Local Demand
- City
- Blue Point
- County
- Suffolk
- State
- New York
- Longitude
- -73.0381
- Latitude
- 40.7543
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA