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Looking for a needle in a hay stack.

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KenRossman

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Senior Member
Joined
Oct 20, 2004
Professional Status
Certified General Appraiser
State
Florida
Subject is a small freestanding retail store - Nassau south shore.

The location is on a busy corner where the adjacent side street is one way effectively prohibiting a left turn into the subject parking lot. When approaching from the west or north, you have to pass the subject by several blocks then turn around and come back.

I think this factor would likely have a significant impact upon market value.

Would appreciate any leads of similarly impacted commercial properties which sold within the last few years, regardless of size, use or location.

TIA,

Ken
 

Claude From NY

Senior Member
Joined
Jan 16, 2002
Professional Status
Certified Residential Appraiser
State
New York
Don't have any leads

but I do agree that there would be an impact on value. There is a strip mall on Deer Park Road E just south of Jericho Turnpike in Dix Hills. There is no way to turn left if your westbound to get into their parking lot. You have to bypass it and go a ways before you can turn around. The stores there are always going in and out of business. A dry cleaners I used in Commack relocated there and was gone within a year.
 

David Wimpelberg

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Staff member
Moderator
Joined
Mar 30, 2005
Professional Status
Certified General Appraiser
State
New York
There's nothing out in my neck of the woods like that which has sold within a reasonable time frame.
 
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