585 Stewart Avenue, Garden City, NY 11530: An Overview
585 Stewart Avenue in Garden City, New York, 11530 is a prominent commercial address with a history of housing significant businesses and organizations. Understanding the address requires examining its location, zoning, and the types of entities that have historically operated there.
Location and Accessibility
The property's location on Stewart Avenue is strategically advantageous. Stewart Avenue is a major thoroughfare in Garden City, providing easy access to major roadways and transportation hubs. This accessibility is crucial for businesses that rely on logistics, client access, or employee commuting.
Garden City itself is a well-established suburban community within Nassau County, Long Island. Its proximity to New York City makes it a desirable location for businesses seeking a balance between suburban convenience and access to a major metropolitan market.
Specifically, 585 Stewart Avenue benefits from its relative proximity to:
- Major highways, facilitating regional transportation.
- The Long Island Rail Road (LIRR), providing convenient access to Manhattan and other parts of Long Island.
- Local amenities, including restaurants, retail shops, and other services that cater to employees and clients.
Zoning and Permitted Uses
The zoning regulations governing 585 Stewart Avenue are determined by the Village of Garden City. Typically, properties along Stewart Avenue are zoned for commercial or mixed-use purposes. To ascertain the precise zoning classification and permitted uses, it's essential to consult the official zoning maps and regulations of the Village of Garden City.
Common permitted uses within commercially zoned areas in Garden City often include:
- Office space
- Retail establishments
- Financial institutions
- Medical offices
- Service-oriented businesses
It's crucial to note that specific regulations may apply regarding building height, setbacks, parking requirements, and other development standards. Any potential development or significant alteration of the property would require adherence to these regulations and may necessitate approvals from relevant village authorities.
Historical Occupants and Business Activities
Historically, 585 Stewart Avenue has been associated with professional services firms, corporate offices, and organizations requiring substantial office space. Due to the dynamic nature of commercial real estate, specific tenants may change over time. However, the address has consistently served as a location for businesses with regional or national operations.
Information regarding past and present occupants can often be obtained through:
- Commercial real estate databases and listings.
- Public records, such as property tax assessments and business registrations.
- Online directories and business search engines.
Previous occupants have included entities involved in:
- Financial services
- Insurance
- Legal services
- Real estate
The presence of these types of businesses suggests that the property is well-suited for professional services firms seeking a prestigious and accessible location.
Property Characteristics
The physical characteristics of 585 Stewart Avenue are important factors in understanding its appeal and functionality. The building's size, layout, and amenities contribute to its suitability for various types of businesses.
Key property characteristics to consider include:
- Building size: The total square footage of the building dictates the number of tenants it can accommodate and the scale of operations that can be supported.
- Floor plans: The layout of individual floors impacts the efficiency of office space utilization and the flow of operations.
- Parking facilities: Adequate parking is essential for attracting and retaining tenants, especially in a suburban location.
- Amenities: Features such as on-site security, conference facilities, a cafeteria, or fitness center can enhance the tenant experience and add value to the property.
- HVAC systems: Modern and efficient heating, ventilation, and air conditioning systems are crucial for maintaining a comfortable and productive work environment.
- Accessibility features: Compliance with accessibility standards ensures that the building is accessible to individuals with disabilities.
Information about these characteristics can be obtained through property listings, real estate brokers, and building management.
Investment and Development Potential
Given its strategic location and history, 585 Stewart Avenue represents a potentially valuable asset for investors and developers. The property's proximity to transportation, amenities, and a skilled workforce makes it an attractive location for businesses seeking to establish or expand their presence in the Long Island market.
Potential investment and development opportunities may include:
- Property renovation: Upgrading the building's infrastructure, amenities, and aesthetics can enhance its appeal to tenants and increase its market value.
- Tenant diversification: Attracting a diverse mix of tenants can reduce vacancy risk and ensure a stable income stream.
- Repurposing: Exploring alternative uses for the property, such as residential or mixed-use development, may unlock additional value.
Any investment or development plans would require careful consideration of zoning regulations, market demand, and financial feasibility.
Recent Transactions and Market Trends
Analyzing recent real estate transactions and market trends in the Garden City area can provide valuable insights into the value and potential of 585 Stewart Avenue. Factors to consider include:
- Comparable sales: Examining recent sales of similar commercial properties in the area can provide a benchmark for valuation.
- Lease rates: Tracking lease rates for commercial space in Garden City can indicate the level of demand and potential rental income.
- Vacancy rates: Monitoring vacancy rates can reveal the overall health of the commercial real estate market in the area.
- Economic indicators: Tracking key economic indicators, such as job growth and business investment, can provide insights into the long-term prospects for the Garden City market.
This information is typically available through real estate research firms, commercial real estate brokers, and government agencies.
Conclusion and Key Takeaways
585 Stewart Avenue, Garden City, NY 11530, is a strategically located commercial property with a history of housing prominent businesses. Its accessibility, favorable zoning, and proximity to amenities make it an attractive location for a variety of commercial uses. Understanding the property's characteristics, zoning regulations, and market context is crucial for assessing its value and potential.
Key Takeaways:
Location: Excellent access to major roadways, the LIRR, and local amenities.
Zoning: Primarily commercial, with permitted uses including office, retail, and service-oriented businesses. Confirm with the Village of Garden City for specific details.
Historical Occupants: Has historically housed professional services firms, corporate offices, and organizations requiring substantial office space.
Property Characteristics: Building size, floor plans, parking facilities, and amenities contribute to its functionality and appeal.
Investment Potential: Represents a potentially valuable asset for investors and developers, with opportunities for renovation, tenant diversification, and repurposing.
Potential investors and tenants should conduct thorough due diligence, including a review of zoning regulations, property records, and market data, before making any decisions regarding 585 Stewart Avenue.
