Retail Development Site with Two-Story
31 Plainfield Avenue Elmont, NY 11003
31 Plainfield Avenue, Elmont, NY, 11003
$1,900,000
For Sale
$1,900,000
Development lot includes an existing two-story building and is zoned Nassau County Business District for multiple commercial uses.
Property Size3,036 SF
Lot Size0.43 Acres
Price / SF$625.82
Days on Market317
Property Features for 31 Plainfield Avenue
General Information
- Standard status
- Active
- Size
- 3,036 SF
- Lot size
- 0.43 Acres
- Property subtype
- Land
Listing agency
RESI BK Corporation
(516) 474-1981
Listed by
Andrew G. Parker
(516) 474-1981
Source
Compass
Added: Sep 8, 2025 Updated: Jul 21 at 3:18AM Checked: Jul 21 at 3:18AM
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 RESI BK Corporation
Investment Insights
Based on property information with market context.
This for-sale development site includes a lot measuring 221 x 84 feet and an existing two-story building totaling 3,036 square feet. The property offers flexibility for commercial use under the Nassau County Business District zoning designation.
Public remarks note high traffic exposure and access in the heart of Elmont, with proximity to the Southern State Parkway and the Cross Island Parkway. The property is also described as minutes from UBS Arena and the UBS LIRR Station, with major airports reachable in approximately 20–30 minutes.
Permitted uses listed for the zoning district include retail, healthcare, financial institutions, offices, and restaurant establishments. Owner is motivated and invites offers.
Public remarks note high traffic exposure and access in the heart of Elmont, with proximity to the Southern State Parkway and the Cross Island Parkway. The property is also described as minutes from UBS Arena and the UBS LIRR Station, with major airports reachable in approximately 20–30 minutes.
Permitted uses listed for the zoning district include retail, healthcare, financial institutions, offices, and restaurant establishments. Owner is motivated and invites offers.
Key Highlights
- 221 x 84 ft lot totaling 18,564 SF with an existing two‑story building totaling 3,036 SF
- Zoned Nassau County Business District with permitted uses including retail, healthcare, financial institutions, offices, and restaurant establishments
- Located in Elmont for development with public amenities listed as Public
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 | $91.1k | $30.00 |
| − Vacancy | −$13.7k | −$4.50 |
| EGI | $77.4k | $25.50 |
| − OpEx | −$23.2k | −$7.65 |
| NOI | $54.2k | $17.85 |
3,036 SF · lease $30.00/SF/yr · vacancy 15.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$774.2K
$677.4K – $903.2K
NOI $54,193 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,672 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Nassau Tabernacle of Praise
Association / Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Development lot includes an existing two-story building and is zoned Nassau County Business District for multiple commercial uses.
Where is this commercial land located?
The property is located at 31 Plainfield Avenue Elmont, NY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 221 x 84 ft lot totaling 18,564 SF with an existing two‑story building totaling 3,036 SF; Zoned Nassau County Business District with permitted uses including retail, healthcare, financial institutions, offices, and restaurant establishments; Located in Elmont for development with public amenities listed as Public
