Diner Restaurant with
For Sale
$2,300,000
267 Burnside Avenue, Lawrence, NY 11559
Standalone restaurant site with basement and ample on-lot parking, positioned for high-traffic food service activity.
Property Size3,284 SF
Lot Size0.16 Acres
Price / SF$638.89
Days on Market82
Property Features for 267 Burnside Avenue
General Information
Standard status
Active
Size
3,284 SF
Total Parking Spaces
20
Lot size
0.16 Acres
Property subtype
Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$14,964
Building Details
Building Size
3,284 SF
Year Built
1956
Listing Agency:
M & J Partners Realty LLC
(631) 839-3748
Listed By:
Marc Jeret
(631) 839-3748
Source:
Cohenandcohenrealty
Added: Jun 4
Changed: Aug 23
Last Checked: Aug 23 at 10:32AM
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 M & J Partners Realty LLC
Investment Insights
Based on property information with market context.
This diner restaurant offering includes approximately 3,600 square feet for a first-floor food establishment with a basement included in the measurements. The owner will build to suit, and all uses are being considered for the site.
The property is located on Burnside Avenue in a high-traffic retail area, positioned next to Dunkin Donuts and Patis Bakery. It is also down the block from Kol Save Supermarket and other local businesses.
For operators and tenant buyers looking for a food-service location with parking, the site includes an approximately 7,000 square foot lot with about 20 parking spaces, supporting customer access and day-to-day operations. The build-to-suit approach can help accommodate different concept needs while placing the business in a heavily trafficked neighborhood commercial setting. All information should be verified through your own due diligence.
The property is located on Burnside Avenue in a high-traffic retail area, positioned next to Dunkin Donuts and Patis Bakery. It is also down the block from Kol Save Supermarket and other local businesses.
For operators and tenant buyers looking for a food-service location with parking, the site includes an approximately 7,000 square foot lot with about 20 parking spaces, supporting customer access and day-to-day operations. The build-to-suit approach can help accommodate different concept needs while placing the business in a heavily trafficked neighborhood commercial setting. All information should be verified through your own due diligence.
Key Highlights
- Standalone diner/food establishment for sale ($2.3M) or lease at $9,999 NNN
- +/- 3,600 SF food establishment with first floor and basement included in the measurements
- High‑traffic retail area next to Dunkin Donuts and Patis Bakery, down the block from Kol Save Supermarket
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$166,617
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,332,340
$3.3M
Cap Rate 7%
$2,380,243
$2.4M
Cap Rate 9%
$1,851,300
$1.9M
Market Conditions
NOI Build-Up for 3,600 SF
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.
Gross rent
$237.6K $66.00/SF
− Vacancy
−$15.4K −$4.29/SF
EGI
$222.2K $61.71/SF
− OpEx
−$55.5K −$15.43/SF
NOI
$166.6K $46.28/SF
Area
Nassau County, NY
Vacancy
6.50%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,332,340
Cap Rate 7%
$2,380,243
Cap Rate 9%
$1,851,300
Alternative Uses
Best Use
Specialty Retail
$2.38M
$2.08M – $2.78M
NOI $166,617 @ 7.0% cap · market cap 7.24%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,124
Businesses Nearby
386k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 32%
Dining 31%
Superstores 20%
Apparel 11%
Target
Superstores
76,128 visits/mo
0.3 miles
Marshalls
Apparel
38,657 visits/mo
0.3 miles
McDonald's
Dining
33,551 visits/mo
0.4 miles
Dollar Tree
Shops & Services
27,303 visits/mo
0.1 miles
Chase Bank
Shops & Services
22,258 visits/mo
0.3 miles
Demographics for 11559, NY
8,709
Population
2,849
Households
3.1
Avg Household Size
36
Median Age
56%
College-Educated
89%
High-School Grad
4.2 sq mi
ZIP Area
2,074
Density / Sq Mi
$156,429
Median Household Income
$70,023
Median Earnings
$2,031
Median Rent
$1,108,200
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.
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Frequently Asked Questions
What type of property is this?
Breakfast & diner - Standalone restaurant site with basement and ample on-lot parking, positioned for high-traffic food service activity.
Where is this breakfast & diner located?
The property is located at 267 Burnside Avenue Lawrence, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Standalone diner/food establishment for sale ($2.3M) or lease at $9,999 NNN; +/- 3,600 SF food establishment with first floor and basement included in the measurements; High‑traffic retail area next to Dunkin Donuts and Patis Bakery, down the block from Kol Save Supermarket
