Two-Building Storefront
For Sale
Contact for pricing
490 Sunrise Hwy, Rockville Centre, NY 11570
Vacant two-building storefront portfolio totaling 15,300 SF on three parcels with strong Sunrise Highway visibility.
Property Size15,300 SF
Lot Size0.48 Acres
Price / SF$277.78
Days on Market444
Property Features for 490 Sunrise Hwy
General Information
Standard status
Active
Size
15,300 SF
Lot size
0.48 Acres
Property subtype
RETAIL
Additional Details
Traffic Count
37,000 vehicles/day
Building Details
Buildings
2
Listing Agency:
ERG
(646) 253-0952
Listed By:
Jazib Khan
Source:
Moodyscre
Added: May 13, 2025
Changed: Jul 30
Last Checked: Jul 30 at 2:04PM
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 ERG
Investment Insights
Based on property information with market context.
Two vacant buildings totaling 15,300 SF are offered as a storefront portfolio on three land parcels. The combined lot size is 21,039 SF. The buildings provide a ready starting point for an end user, an investor looking to reposition the property, or a developer evaluating the site’s preliminary approvals for a potential multistory medical building.
The property is located on the main retail corridor of Sunrise Highway with strong visibility both east and westbound, with an average of 37,000+ vehicles passing per day. Views from the LIRR trainline add additional exposure, and the site is surrounded by major retailers, with Mount Sinai Hospital a short distance away.
This configuration supports a flexible, multi-parcel ownership structure with two separate buildings, allowing buyers to evaluate separate tenanting strategies or redevelopment concepts based on the preliminary approval pathway.
The property is located on the main retail corridor of Sunrise Highway with strong visibility both east and westbound, with an average of 37,000+ vehicles passing per day. Views from the LIRR trainline add additional exposure, and the site is surrounded by major retailers, with Mount Sinai Hospital a short distance away.
This configuration supports a flexible, multi-parcel ownership structure with two separate buildings, allowing buyers to evaluate separate tenanting strategies or redevelopment concepts based on the preliminary approval pathway.
Key Highlights
- Two vacant buildings totaling 15,300 SF
- 21,039 SF lot across three land parcels
- Strong east and westbound visibility on Sunrise Highway
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 | $459.0k | $30.00 |
| − Vacancy | −$26.2k | −$1.71 |
| EGI | $432.8k | $28.29 |
| − OpEx | −$129.9k | −$8.49 |
| NOI | $303.0k | $19.80 |
15,300 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.33M
$3.79M – $5.05M
NOI $302,986 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.12M
$8.85M – $11.80M
NOI $708,122 @ 7.0% cap · market cap 16.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
37,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
2,484
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11570, NY
29,023
Population
11,368
Households
2.6
Avg Household Size
42
Median Age
62%
College-Educated
95%
High-School Grad
3.6 sq mi
ZIP Area
8,062
Density / Sq Mi
$147,784
Median Household Income
$91,332
Median Earnings
$1,804
Median Rent
$786,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- AROME FLOWER SHOP — 288 Sunrise Hwy, Rockville Centre, NY 11570
- White and Red Rose — 147 N Park Ave, Rockville Centre, NY 11570
Frequently Asked Questions
What type of property is this?
Storefront property - Vacant two-building storefront portfolio totaling 15,300 SF on three parcels with strong Sunrise Highway visibility.
Where is this storefront property located?
The property is located at 490 Sunrise Hwy Rockville Centre, NY.
What is the asking price?
The asking price for this property is $4,249,999.
What are key features of this property?
This property features: Two vacant buildings totaling 15,300 SF; 21,039 SF lot across three land parcels; Strong east and westbound visibility on Sunrise Highway
