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$ 8,990,000
Est. payment | /mo
9,936 Sqft Lot
$ 8,990,000
Est. payment | /mo
9,936 Sqft Lot
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 959080
Rental Info No
Year Built 1971
Annual Tax Amount $154,101
Lot Size 9,936 Sqft
Acres 0.2281
Property Sub-Type Business
Source onekey2
Property Description
Ultra-prime 1031 exchange investment opportunity in the heart of Great Neck Plaza's busiest commercial corridor. Fully occupied mixed-use commercial building featuring 10 tenants (5 retail + 5 office) with strong, in-place cash flow. Current annual income exceeds $800,000, delivering a rare close to 7% cap rate in a core, transit-oriented downtown location.
The property offers long-term stability with significant upside potential. Located in the Business “B” District, which is undergoing zoning modernization encouraging mixed-use redevelopment, allowing for future value enhancement through reconfiguration or repositioning. Steps from LIRR, surrounded by national and local retailers, restaurants, and essential services.
Ideal for investors seeking immediate yield, capital preservation, and future redevelopment or income growth potential in one of Long Island's most established downtown markets.
The property offers long-term stability with significant upside potential. Located in the Business “B” District, which is undergoing zoning modernization encouraging mixed-use redevelopment, allowing for future value enhancement through reconfiguration or repositioning. Steps from LIRR, surrounded by national and local retailers, restaurants, and essential services.
Ideal for investors seeking immediate yield, capital preservation, and future redevelopment or income growth potential in one of Long Island's most established downtown markets.
Location
State NY
County Nassau County
Rooms
Basement Common, Partially Finished
Interior
Heating Electric, Hot Water
Cooling Central Air, Electric, Multi Units
Fireplace No
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected
Building
Sewer Other, Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by B Square Realty • Wenting Wang
Nearby Locations
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