Liquor Store
For Sale
$240,000
245-10 Jericho Tpk, Bellerose, NY 11001
The business has a 70% liquor and 30% wine inventory mix, with lease terms available for up to 10 years.
Property Size1,000 SF
Price / SF$240
Days on Market231
Property Features for 245-10 Jericho Tpk
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$15,395
Building Details
Building Size
1,000 SF
Listed By:
Gail Leone
(914) 723-8228
Source:
Clairedleone
Added: Mar 7
Changed: Oct 23
Last Checked: Oct 23 at 5:46PM
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 Gail Leone
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Investment Insights
Based on property information with market context.
The offering is for the liquor store business only; the building is not part of the sale. Inventory is divided between liquor, at 70%, and wine, at 30%. A lease with a term of up to 10 years is available at the premises.
The store is at 245-10 Jericho Tpk in Bellerose, with access to the Cross Island Parkway and Grand Central Parkway. Its location connects to surrounding communities in Queens and Nassau County.
The store is at 245-10 Jericho Tpk in Bellerose, with access to the Cross Island Parkway and Grand Central Parkway. Its location connects to surrounding communities in Queens and Nassau County.
Key Highlights
- Business sale excludes the building
- Inventory mix: 70% liquor and 30% wine
- Lease term available for up to 10 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,803
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,060
$396.1K
Cap Rate 7%
$282,900
$282.9K
Cap Rate 9%
$220,033
$220.0K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$30.0K $30.00/SF
− Vacancy
−$1.7K −$1.71/SF
EGI
$28.3K $28.29/SF
− OpEx
−$8.5K −$8.49/SF
NOI
$19.8K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,060
Cap Rate 7%
$282,900
Cap Rate 9%
$220,033
Alternative Uses
Best Use
Specialty Retail
$661.2K
$578.5K – $771.4K
NOI $46,283 @ 7.0% cap · market cap 19.28%
Second Best
Retail
$282.9K
$247.5K – $330.1K
NOI $19,803 @ 7.0% cap · market cap 8.25%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,178
Businesses Nearby
73k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Dining 9%
Electronics 3%
Beauty & Spa 1%
Mobil
Shops & Services
15,379 visits/mo
0.2 miles
Chase Bank
Shops & Services
12,814 visits/mo
0.1 miles
7-Eleven
Shops & Services
8,926 visits/mo
0.5 miles
Conoco
Shops & Services
8,472 visits/mo
0.2 miles
7-Eleven
Shops & Services
7,919 visits/mo
0.4 miles
Demographics for 11001, NY
27,662
Population
8,923
Households
3.1
Avg Household Size
43
Median Age
53%
College-Educated
91%
High-School Grad
2.2 sq mi
ZIP Area
12,574
Density / Sq Mi
$144,755
Median Household Income
$66,053
Median Earnings
$2,196
Median Rent
$714,600
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
- Food Universe Marketplace — 222-51 Jamaica Ave, Queens, NY 11428
- Preet Super Bazar — 23614 Braddock Ave, Queens, NY 11426
- Braddock Super Bazar — 23708 Braddock Ave, Queens, NY 11426
- Foodtown of Bellerose — 250-04 Jericho Turnpike, Bellerose, NY 11001
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The business has a 70% liquor and 30% wine inventory mix, with lease terms available for up to 10 years.
Where is this grocery and convenience store located?
The property is located at 245-10 Jericho Tpk Bellerose, NY.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Business sale excludes the building; Inventory mix: 70% liquor and 30% wine; Lease term available for up to 10 years
