Retail Building with
2600-2610 Pettit Ave Bellmore, NY 11710
2600-2610 Pettit Ave, Bellmore, NY, 11710
$2,550,000
For Sale
$2,550,000
Five-unit retail building features multiple offices, basement, rear yard, and 68 parking spaces.
Property Size9,000 SF
Price / SF$283.33
Days on Market85
Property Features for 2600-2610 Pettit Ave
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1924
Listing agency
All Island Estates Realty Corp
(516) 279-8828
Listed by
Richard Matt Shane · License #10301216230
(516) 279-8828
Source
Elliman
Added: Apr 28 Updated: Jul 20 at 5:55PM Checked: Jul 20 at 5:55PM
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 All Island Estates Realty Corp
Investment Insights
Based on property information with market context.
A five-unit retail building offered for sale with multiple offices, a basement, and a rear yard. Improvements include all new LED lighting, 400 amp power, and CAC. The property includes 2 lots and is set up with a strategically placed curb cut and excellent signage. The building also has a cabaret license and was previously home to a bar/live music venue. The entire building can be delivered vacant if needed.
Located in the heart of Bellmore on Pettit Ave, the property sits at the Bellmore LIRR station and is about one block off Sunrise Highway. It is positioned between large municipal parking lots and is surrounded by a mix of established national and local retailers and services, including Starbucks, Stop & Shop, PetSmart, 7-Eleven, Dunkin’, CVS, Panera Bread, Verizon, P.C. Richard & Son, and Trader Joe’s.
Zoning is listed as 481.4, and the building provides 68 parking spaces.
Located in the heart of Bellmore on Pettit Ave, the property sits at the Bellmore LIRR station and is about one block off Sunrise Highway. It is positioned between large municipal parking lots and is surrounded by a mix of established national and local retailers and services, including Starbucks, Stop & Shop, PetSmart, 7-Eleven, Dunkin’, CVS, Panera Bread, Verizon, P.C. Richard & Son, and Trader Joe’s.
Zoning is listed as 481.4, and the building provides 68 parking spaces.
Key Highlights
- 5‑unit 9,000 SF retail building in Bellmore (built in 1924)
- 68 parking spaces with strategically placed curb cut across 2 lots
- Restaurant/bar use with cabaret license; previously operated as a bar/live music venue
Local 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 | $270.0k | $30.00 |
| − Vacancy | −$15.4k | −$1.71 |
| EGI | $254.6k | $28.29 |
| − OpEx | −$76.4k | −$8.49 |
| NOI | $178.2k | $19.80 |
9,000 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$5.95M
$5.21M – $6.94M
NOI $416,543 @ 7.0% cap · market cap 16.34%
Second Best
Retail
$2.55M
$2.23M – $2.97M
NOI $178,227 @ 7.0% cap · market cap 6.99%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Five-unit retail building features multiple offices, basement, rear yard, and 68 parking spaces.
Where is this retail space located?
The property is located at 2600-2610 Pettit Ave Bellmore, NY.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: 5‑unit 9,000 SF retail building in Bellmore (built in 1924); 68 parking spaces with strategically placed curb cut across 2 lots; Restaurant/bar use with cabaret license; previously operated as a bar/live music venue
