Dry Cleaning Storefront
For Sale
$650,000
163 S Wellwood Avenue, Lindenhurst, NY 11757
The sale includes an established dry cleaning operation and its building, offered together as one property.
Property Size1,350 SF
Price / SF$481.48
Days on Market241
Property Features for 163 S Wellwood Avenue
General Information
Standard status
Active
Size
1,350 SF
Total Parking Spaces
1
Property subtype
Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$8,990
Building Details
Building Size
1,350 SF
Buildings
1
Stories
1
Units
1
Listing Agency:
RE/MAX 1st Choice
(516) 888-6000
Listed By:
Gina Back · License #309A0944498
(718) 208-3111
Source:
Croninreale
Added: Feb 26
Changed: Oct 23
Last Checked: Oct 23 at 9:55AM
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 RE/MAX 1st Choice
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering combines a dry cleaning business with its storefront building at 163 S Wellwood Avenue in Lindenhurst. The property contains 1,350 square feet, and the business is included in the sale. The owner is retiring, and owner financing is available.
The operation has a longstanding history and an established local customer base. The property is located in a neighborhood setting.
The operation has a longstanding history and an established local customer base. The property is located in a neighborhood setting.
Key Highlights
- Dry cleaning business and building offered together
- 1,350‑square‑foot storefront property
- Established local customer base and longstanding operating history
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,394
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,880
$527.9K
Cap Rate 7%
$377,057
$377.1K
Cap Rate 9%
$293,267
$293.3K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$40.5K $30.00/SF
− Vacancy
−$2.8K −$2.07/SF
EGI
$37.7K $27.93/SF
− OpEx
−$11.3K −$8.38/SF
NOI
$26.4K $19.55/SF
Area
Suffolk County, NY
Vacancy
6.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,880
Cap Rate 7%
$377,057
Cap Rate 9%
$293,267
Alternative Uses
Best Use
Retail
$377.1K
$329.9K – $439.9K
NOI $26,394 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$411.3K
$359.9K – $479.8K
NOI $28,789 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,050
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11757, NY
45,157
Population
15,212
Households
3
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
6.8 sq mi
ZIP Area
6,641
Density / Sq Mi
$128,081
Median Household Income
$56,059
Median Earnings
$2,091
Median Rent
$479,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Design in Silk — 156 S Clinton Ave, Lindenhurst, NY 11757
- Little Flower Shop — 437 N Wellwood Ave, Lindenhurst, NY 11757
Frequently Asked Questions
What type of property is this?
Storefront property - The sale includes an established dry cleaning operation and its building, offered together as one property.
Where is this storefront property located?
The property is located at 163 S Wellwood Avenue Lindenhurst, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Dry cleaning business and building offered together; 1,350‑square‑foot storefront property; Established local customer base and longstanding operating history
