Mixed-Use Retail and Office
351-355 Plandome Road & 12 Bayview Ave Manhasset, NY 11030
351-355 Plandome Road & 12 Bayview Ave, Manhasset, NY, 11030
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For Sale
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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$523.36
Days on Market91
Property Features for 351-355 Plandome Road & 12 Bayview Ave
General Information
- Standard status
- Active
- Size
- 10,700 SF
- Property subtype
- Retail, Mixed Use
Listing agency
JLL - Melville, New York
(631) 962-2900
Listed by
Joseph Lopresti · License #NY 40LO0967062
Source
Crexi
Added: Apr 23 Updated: Jul 22 at 12:45AM Checked: Jul 22 at 6:29AM
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
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
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 | $321.0k | $30.00 |
| − Vacancy | −$18.3k | −$1.71 |
| EGI | $302.7k | $28.29 |
| − OpEx | −$90.8k | −$8.49 |
| NOI | $211.9k | $19.80 |
10,700 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.03M
$2.65M – $3.53M
NOI $211,892 @ 7.0% cap · market cap 3.78%
Second Best
Office B
$2.63M
$2.30M – $3.07M
NOI $183,991 @ 7.0% cap · market cap 3.29%
Theoretical Best
Specialty Retail
$7.07M
$6.19M – $8.25M
NOI $495,223 @ 7.0% cap · market cap 8.84%
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 - 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 $5,600,000.
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
