Grocery Store with
For Sale
$2,475,000
1234 Stewart Avenue, Bethpage, NY 11714
The sale includes an established operating business along with the real estate.
Property Size1,647 SF
Price / SF$1,502
Days on Market89
Property Features for 1234 Stewart Avenue
General Information
Standard status
Active
Size
1,647 SF
Property subtype
Retail
Additional Details
Business Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$39,934
Building Details
Building Size
1,647 SF
Year Built
1952
Listing Agency:
Voro LLC
Listed By:
Prince Luthra
(347) 723-6928
Source:
Luxuryhomeny
Added: Jul 29
Changed: Oct 23
Last Checked: Oct 24 at 10:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Voro LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering pairs a commercial building with an established grocery and convenience business. The property was built in 1952 and is located at 1234 Stewart Avenue in Bethpage, New York.
The site is on Stewart Avenue, with access to major roadways and nearby parking. Both the real estate and the operating business are included in the sale.
The site is on Stewart Avenue, with access to major roadways and nearby parking. Both the real estate and the operating business are included in the sale.
Key Highlights
- Real estate and established operating business are offered together
- Building constructed in 1952
- Located at 1234 Stewart Avenue in Bethpage, NY
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,227
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,524,540
$1.5M
Cap Rate 7%
$1,088,957
$1.1M
Cap Rate 9%
$846,967
$847.0K
Market Conditions
NOI Build-Up for 1,647 SF
Gross rent
$108.7K $66.00/SF
− Vacancy
−$7.1K −$4.29/SF
EGI
$101.6K $61.71/SF
− OpEx
−$25.4K −$15.43/SF
NOI
$76.2K $46.28/SF
Area
Nassau County, NY
Vacancy
6.50%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,524,540
Cap Rate 7%
$1,088,957
Cap Rate 9%
$846,967
Alternative Uses
Best Use
Specialty Retail
$1.09M
$952.8K – $1.27M
NOI $76,227 @ 7.0% cap · market cap 3.08%
Second Best
Retail
$465.9K
$407.7K – $543.6K
NOI $32,616 @ 7.0% cap · market cap 1.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
860
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11714, NY
22,989
Population
7,925
Households
2.9
Avg Household Size
45
Median Age
41%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
5,474
Density / Sq Mi
$123,679
Median Household Income
$61,499
Median Earnings
$2,211
Median Rent
$586,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- badshah farmers market — 520 S Broadway, Hicksville, NY 11801
- Patel Brothers — 415 S Broadway, Hicksville, NY 11801
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The sale includes an established operating business along with the real estate.
Where is this grocery and convenience store located?
The property is located at 1234 Stewart Avenue Bethpage, NY.
What is the asking price?
The asking price for this property is $2,475,000.
What are key features of this property?
This property features: Real estate and established operating business are offered together; Building constructed in 1952; Located at 1234 Stewart Avenue in Bethpage, NY
