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Investment Highlights
- The Subject Property sits on a 0.39-acre parcel and contains approximately 6,600 square feet of well-maintained office space.
- Strategically positioned along N Country Road, the property benefits from immediate proximity to the St. James LIRR Station
- The building is 100% occupied and supported by an efficient on-site parking field offering a 3.48 per 1,000 SF parking ratio
Executive Summary
Marcus & Millichap is pleased to present 550 N Country Road (“the Subject Property”), a fully occupied office asset located in the heart of St. James, NY.
The Subject Property sits on a 0.39-acre parcel and contains approximately 6,600 square feet of well-maintained office space. The building is 100% occupied and supported by an efficient on-site parking field offering a 3.48 per 1,000 SF parking ratio, a strong advantage for both current tenants and future occupants seeking convenient, on-site parking.
Strategically positioned along N Country Road, the property benefits from immediate proximity to key demand drivers, including the St. James LIRR Station, multiple schools, established retail corridors, and a wide range of dining and neighborhood amenities. This central location provides excellent visibility, accessibility, and long-term tenant appeal.
The surrounding demographics further reinforce the strength of the trade area: more than 56,000 residents live within a three-mile radius, with average household incomes exceeding $175,000—reflecting the affluence and stability of the market.
The Subject Property sits on a 0.39-acre parcel and contains approximately 6,600 square feet of well-maintained office space. The building is 100% occupied and supported by an efficient on-site parking field offering a 3.48 per 1,000 SF parking ratio, a strong advantage for both current tenants and future occupants seeking convenient, on-site parking.
Strategically positioned along N Country Road, the property benefits from immediate proximity to key demand drivers, including the St. James LIRR Station, multiple schools, established retail corridors, and a wide range of dining and neighborhood amenities. This central location provides excellent visibility, accessibility, and long-term tenant appeal.
The surrounding demographics further reinforce the strength of the trade area: more than 56,000 residents live within a three-mile radius, with average household incomes exceeding $175,000—reflecting the affluence and stability of the market.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
6,600 SF
Building Class
B
Year Built
1980
Price
$1,600,000
Price Per SF
$242.42
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,300 SF
Slab To Slab
10’
Building FAR
0.39
Lot Size
0.39 AC
Parking
23 Spaces (3.48 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
50/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0800-036-00-02-00-011-000 | Improvements Assessment | $8,110 |
| Land Assessment | $890 | Total Assessment | $9,000 |
Property Taxes
Parcel Number
0800-036-00-02-00-011-000
Land Assessment
$890
Improvements Assessment
$8,110
Total Assessment
$9,000
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550 N Country Rd
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