Retail Storefront with Two
For Sale
Contact for pricing
Pending
438 Lake Ave, Saint James, NY 11780
Occupied retail storefront with established florist and bicycle-shop uses near commuter rail transportation.
Property SizeContact for details
Lot Size0.13 Acres
Days on Market143
Property Features for 438 Lake Ave
General Information
Standard status
Pending
Lot size
0.13 Acres
Property subtype
Retail
Financials
Cap Rate
7.25%
Gross Income
$86,600
Building Details
Tenancy
Multi
Listing Agency:
Curb Capital LLC
(516) 864-8000
Listed By:
Adam Traub · License #NY 104912098848
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Apr 11 at 4:09PM
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 Curb Capital LLC
Investment Insights
Based on property information with market context.
This retail storefront at 438 Lake Ave is occupied by two businesses: a florist and a bike shop. The property encompasses approximately 0.13 acres and provides an existing commercial setting for ongoing retail operations. Current leases extend through June 30, 2028, supporting continuity for the present tenancy.
The property is positioned in St James, NY, one block south of the St. James LIRR Station. Its location places the storefront within walking distance of commuter rail service and the surrounding neighborhood. Financial details include a reported 7.25% CAP rate and total rental income of $86,600; the six-month rent guarantee is also included in the offering terms.
The property is positioned in St James, NY, one block south of the St. James LIRR Station. Its location places the storefront within walking distance of commuter rail service and the surrounding neighborhood. Financial details include a reported 7.25% CAP rate and total rental income of $86,600; the six-month rent guarantee is also included in the offering terms.
Key Highlights
- 7.25% CAP rate with existing retail tenancy
- Two current tenants: a florist and a bike shop
- Approximately 0.13 acres
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
44k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Groceries 42%
King Kullen
Groceries
18,229 visits/mo
0.1 miles
7-Eleven
Shops & Services
9,590 visits/mo
0.1 miles
BP
Shops & Services
5,777 visits/mo
0.4 miles
TD Bank
Shops & Services
4,489 visits/mo
0.4 miles
Flagstar Bank
Shops & Services
4,061 visits/mo
0.5 miles
Demographics for 11780, NY
15,508
Population
5,907
Households
2.6
Avg Household Size
48
Median Age
52%
College-Educated
96%
High-School Grad
11.5 sq mi
ZIP Area
1,349
Density / Sq Mi
$141,576
Median Household Income
$72,287
Median Earnings
$2,322
Median Rent
$702,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Occupied retail storefront with established florist and bicycle-shop uses near commuter rail transportation.
Where is this storefront property located?
The property is located at 438 Lake Ave Saint James, NY.
What are key features of this property?
This property features: 7.25% CAP rate with existing retail tenancy; Two current tenants: a florist and a bike shop; Approximately 0.13 acres
