Mixed-Use Retail and Office
For Sale
Contact for pricing
351-355 Plandome Road & 12 Bayview Ave, Manhasset, NY 11030
Three-story building with first-floor retail, second-floor office, and a lower-level component, plus 30 parking spaces.
Property Size10,700 SF
Price / SF$485.98
Days on Market185
Property Features for 351-355 Plandome Road & 12 Bayview Ave
General Information
Standard status
Active
Size
10,700 SF
Total Parking Spaces
30
Property subtype
Retail, Mixed Use
Zoning
Business A District
Investment Type
Owner/User
Building Details
Stories
2
Listing Agency:
JLL - Melville, New York
Listed By:
Joseph Lopresti · License #NY 40LO0967062
(631) 962-7384
Source:
Crexi
Added: Apr 23
Changed: Oct 15
Last Checked: Oct 24 at 2:13PM
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 JLL - Melville, New York
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property totals approximately 10,700 square feet across three floors, with approximately 4,600 square feet on the first floor retail level, approximately 1,500 square feet on the second floor office level, and approximately 4,600 square feet on the lower level. The ground floor was previously occupied by a bank.
Access and parking are a key part of the offering, with 30 parking spaces described as 18 spaces at 12 Bayview Avenue and 12 spaces at 351–355 Plandome Road. The property is also described as steps away from the Manhasset LIRR Station.
The layout supports a mixed-use configuration with separate retail and office components on different floors, along with additional space on the lower level.
Access and parking are a key part of the offering, with 30 parking spaces described as 18 spaces at 12 Bayview Avenue and 12 spaces at 351–355 Plandome Road. The property is also described as steps away from the Manhasset LIRR Station.
The layout supports a mixed-use configuration with separate retail and office components on different floors, along with additional space on the lower level.
Key Highlights
- Mixed‑use three‑story building totaling approx. 10,700 SF across three floors
- Approx. 4,600 SF first‑floor retail; previously occupied by a bank
- Approx. 1,500 SF 2nd‑floor office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$211,892
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,237,840
$4.2M
Cap Rate 7%
$3,027,029
$3.0M
Cap Rate 9%
$2,354,356
$2.4M
Market Conditions
NOI Build-Up for 10,700 SF
Gross rent
$321.0K $30.00/SF
− Vacancy
−$18.3K −$1.71/SF
EGI
$302.7K $28.29/SF
− OpEx
−$90.8K −$8.49/SF
NOI
$211.9K $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%
$4,237,840
Cap Rate 7%
$3,027,029
Cap Rate 9%
$2,354,356
Alternative Uses
Best Use
Retail
$3.03M
$2.65M – $3.53M
NOI $211,892 @ 7.0% cap · market cap 4.07%
Second Best
Office B
$2.63M
$2.30M – $3.07M
NOI $183,991 @ 7.0% cap · market cap 3.54%
Theoretical Best
Specialty Retail
$7.07M
$6.19M – $8.25M
NOI $495,223 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,557
Businesses Nearby
Explore this area
Business Placement
Demographics for 11030, NY
17,898
Population
6,531
Households
2.7
Avg Household Size
44
Median Age
84%
College-Educated
97%
High-School Grad
6.6 sq mi
ZIP Area
2,712
Density / Sq Mi
$247,393
Median Household Income
$109,706
Median Earnings
$2,221
Median Rent
$1,800,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Three-story building with first-floor retail, second-floor office, and a lower-level component, plus 30 parking spaces.
Where is this retail space located?
The property is located at 351-355 Plandome Road & 12 Bayview Ave Manhasset, NY.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: Mixed‑use three‑story building totaling approx. 10,700 SF across three floors; Approx. 4,600 SF first‑floor retail; previously occupied by a bank; Approx. 1,500 SF 2nd‑floor office space
