Two-Tenant Retail Strip with
For Sale
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531 Middle Neck Rd, Great Neck, NY 11023
Two-tenant retail strip featuring HSBC Bank and Middle Neck Pharmacy, each with additional full basement space.
Property Size7,200 SF
Days on Market124
Property Features for 531 Middle Neck Rd
General Information
Standard status
Active
Size
7,200 SF
Total Parking Spaces
70
Property subtype
Retail
Occupancy
100%
Additional Details
Traffic Count
21,000 vehicles/day
Building Details
Year Renovated
2014
Tenancy
Multi
Listing Agency:
SRS Real Estate Partners New York
(704) 517-4712
Listed By:
Britt Raymond · License #NY 10491212709
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 9:04PM
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 SRS Real Estate Partners New York
Investment Insights
Based on property information with market context.
This two-tenant retail strip offers 7,200 square feet for HSBC Bank and Middle Neck Pharmacy, with each unit also providing additional full basement space. HSBC and Middle Neck Pharmacy have been in place at the location since 1984 and 1971, respectively. In 2014, both tenants signed new triple net (NNN) leases with scheduled rent escalations, and the leases shifted roof and structure responsibility to the tenants.
The entire roof for the two-tenant strip was installed in October 2014. The property shares free municipal parking adjacent to the site with approximately 70 spaces. The retail strip is located on a highly trafficked corridor along Middle Neck Road, and bus stops along Middle Neck Road provide commuter access from across Long Island. Parkwood Sports Complex and John Miller High School are located across the street.
The surrounding tenant mix described includes major operators such as Bank of America, CVS, Ace Hardware, Dunkin Donuts, Capital One Bank, Subway, Everfresh Supermarket, Chase Bank, and the United States Postal Service.
The entire roof for the two-tenant strip was installed in October 2014. The property shares free municipal parking adjacent to the site with approximately 70 spaces. The retail strip is located on a highly trafficked corridor along Middle Neck Road, and bus stops along Middle Neck Road provide commuter access from across Long Island. Parkwood Sports Complex and John Miller High School are located across the street.
The surrounding tenant mix described includes major operators such as Bank of America, CVS, Ace Hardware, Dunkin Donuts, Capital One Bank, Subway, Everfresh Supermarket, Chase Bank, and the United States Postal Service.
Key Highlights
- 7,200‑square‑foot two‑tenant retail strip in Great Neck, NY featuring HSBC Bank and Middle Neck Pharmacy
- Each retail unit includes additional full basement space
- HSBC and Middle Neck Pharmacy have occupied the location since 1984 and 1971, respectively
Property Analytics
Current Use
Lease Details
21,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
30k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 35%
Home Improvements & Furnishings 11%
Dunkin' Donuts
Dining
10,620 visits/mo
0.0 miles
7-Eleven
Shops & Services
9,216 visits/mo
0.5 miles
Chase Bank
Shops & Services
4,623 visits/mo
0.3 miles
Costello's Ace Hardware Of Great Neck
Home Improvements & Furnishings
3,382 visits/mo
0.1 miles
HSBC
Shops & Services
2,157 visits/mo
0.1 miles
Demographics for 11023, NY
10,213
Population
3,398
Households
3
Avg Household Size
39
Median Age
68%
College-Educated
93%
High-School Grad
1.7 sq mi
ZIP Area
6,008
Density / Sq Mi
$151,544
Median Household Income
$88,205
Median Earnings
$1,143,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Strip mall - Two-tenant retail strip featuring HSBC Bank and Middle Neck Pharmacy, each with additional full basement space.
Where is this strip mall located?
The property is located at 531 Middle Neck Rd Great Neck, NY.
What are key features of this property?
This property features: 7,200‑square‑foot two‑tenant retail strip in Great Neck, NY featuring HSBC Bank and Middle Neck Pharmacy; Each retail unit includes additional full basement space; HSBC and Middle Neck Pharmacy have occupied the location since 1984 and 1971, respectively
