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    948 Broadway Woodmere, NY 11598

    For Sale
    $9,800,000

    High-growth retail investment opportunity in Woodmere, NY.

    Property size:
    40,681 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 40,681 square foot retail property, situated on a 0.87-acre lot in Woodmere, NY, presents a unique investment opportunity. Boasting 191 feet of frontage on Broadway, this landmark location has thrived since 1948. The property currently houses five established businesses: two retail units, a culinary school, a state-of-the-art bowling alley, and a bustling nightclub. The expertly maintained building features high ceilings, a full basement, and ample parking with two on-site lots and municipal parking directly across the street. Convenient public transportation is also available just a block away. This prime development site offers significant growth potential. The bowling alley and nightclub are negotiable and can be delivered vacant, providing flexibility for future development or continued operation. The property's long-standing success and prime location make it an ideal investment for both developers and seasoned investors seeking a high-return opportunity in a thriving community. The beam and block construction ensures durability and longevity. This is a rare chance to acquire a substantial retail center with a proven track record and immense potential for future expansion and increased profitability.

    Property Features for 948 Broadway

    General Information

    Property type
    Retail properties
    Square Feet
    40,681 SF
    Lot Size
    37,897 SF

    Building Details

    Year Built
    1948
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    W Woodmere Bowl Bowling Alley Woodmere Lanes Bowling Alley Backstage Bar

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Woodmere
    County
    Nassau County
    State
    New York
    Longitude
    -73.7084
    Latitude
    40.63021

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Retail property - High-growth retail investment opportunity in Woodmere, NY.
    Where is this retail property located?
    The property is located at 948 Broadway Woodmere, NY.
    What is the asking price?
    The asking price for this property is $9,800,000.
    (845) 639-0300
    Request Owner's contact information
    948 Broadway Woodmere, NY 11598
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    Woodmere, NY 11598
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    948 Broadway Woodmere, NY 11598
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