Wine & Liquor
1-fl-21 Shoreward Dr Great Neck, NY 11021
For Sale
$1,050,000
Established wine and liquor retail business with dedicated parking and additional basement storage for inventory.
Property Size4,000 SF
Lot Size0.35 Acres
Price / SF$262.50
Days on Market562
Property Features for 1-fl-21 Shoreward Dr
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.35 Acres
Property subtype
Business Opportunity
Listing Agency:
Apple Realty Group Corp
(718) 414-9328
Listed By:
Raymond C. Wong · License #998297
(718) 414-9328
Source:
Exprealty
Added: Jan 13, 2025
Changed: Jul 26
Last Checked: Jul 26 at 12:43PM
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 Apple Realty Group Corp
Investment Insights
Based on property information with market context.
Offered for sale is a well-established wine and spirits retail business operating from a dedicated retail showroom. The property includes a 4,000 SF retail area with an interior designed for wine and liquor merchandising, along with an additional 1,500 SF basement level for storage and inventory. The detached site is 15,159 SF and provides 15+ dedicated parking spaces for customer convenience.
The store is located at 1-fl-21 Shoreward Dr, Great Neck, NY 11021. The business is described as being in a high-income North Shore community with visibility and steady customer traffic.
The business generated over $2.31 million in gross sales last year, reflecting an established operating history. Inventory is valued at approximately $600,000 or more and is described as in addition to the asking price.
The store is located at 1-fl-21 Shoreward Dr, Great Neck, NY 11021. The business is described as being in a high-income North Shore community with visibility and steady customer traffic.
The business generated over $2.31 million in gross sales last year, reflecting an established operating history. Inventory is valued at approximately $600,000 or more and is described as in addition to the asking price.
Key Highlights
- 4,000 SF wine & liquor retail showroom at 21 E Shore Road, Manhasset, NY
- 1,500 SF basement provides additional storage and inventory space
- 15,159 SF detached property with 15+ dedicated parking spaces
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.0k | $30.00 |
| − Vacancy | −$6.8k | −$1.71 |
| EGI | $113.2k | $28.29 |
| − OpEx | −$33.9k | −$8.49 |
| NOI | $79.2k | $19.80 |
4,000 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.13M
$990.2K – $1.32M
NOI $79,212 @ 7.0% cap · market cap 7.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.64M
$2.31M – $3.09M
NOI $185,130 @ 7.0% cap · market cap 17.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Established wine and liquor retail business with dedicated parking and additional basement storage for inventory.
Where is this retail space located?
The property is located at 1-fl-21 Shoreward Dr Great Neck, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 4,000 SF wine & liquor retail showroom at 21 E Shore Road, Manhasset, NY; 1,500 SF basement provides additional storage and inventory space; 15,159 SF detached property with 15+ dedicated parking spaces
