Vacant Gas Station With Convenience
566 Fulton Street, Farmingdale, NY 11735
For Sale
Contact for pricing
Freestanding corner-site facility with multiple access points and Residence B zoning.
Property Size1,800 SF
Lot Size0.17 Acres
Price / SF$925
Days on Market104
Property Features for 566 Fulton Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Fuel Pumps
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Horvath & Tremblay
Listed By:
Matthew Nadler · License #MA 134870
Source:
Crexi
Added: Jul 29
Changed: Nov 4
Last Checked: Nov 8 at 8:25AM
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 Horvath & Tremblay
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Investment Insights
Based on property information with market context.
This freestanding 1,800-square-foot property combines a convenience store building with 8 fueling stations on a 0.17-acre corner parcel. The site includes 100 feet of frontage along Fulton Street and was previously occupied by Mobil. Built in 1959, the property is currently vacant and zoned Residence B, which permits single-family and two-family dwellings along with certain office and residential uses on specified streets, including Fulton Street.
The property sits at the intersection of Fulton Street, also designated NY-109, and Walter Place in Farmingdale. Access is provided from multiple points, and the location is less than a mile from the Farmingdale Long Island Railroad station. The surrounding area includes residential neighborhoods, retail businesses, and light industrial facilities, with Stop & Shop, CVS, and Walmart among the nearby retailers.
The property sits at the intersection of Fulton Street, also designated NY-109, and Walter Place in Farmingdale. Access is provided from multiple points, and the location is less than a mile from the Farmingdale Long Island Railroad station. The surrounding area includes residential neighborhoods, retail businesses, and light industrial facilities, with Stop & Shop, CVS, and Walmart among the nearby retailers.
Key Highlights
- 1,800‑square‑foot freestanding building with convenience store layout
- 8 fueling stations on a 0.17‑acre corner lot
- 100 feet of frontage along Fulton Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,309
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,666,180
$1.7M
Cap Rate 7%
$1,190,129
$1.2M
Cap Rate 9%
$925,656
$925.7K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$118.8K $66.00/SF
− Vacancy
−$7.7K −$4.29/SF
EGI
$111.1K $61.71/SF
− OpEx
−$27.8K −$15.43/SF
NOI
$83.3K $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 Rate 5%
$1,666,180
Cap Rate 7%
$1,190,129
Cap Rate 9%
$925,656
Alternative Uses
Best Use
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,309 @ 7.0% cap · market cap 5.00%
Second Best
Retail
$509.2K
$445.6K – $594.1K
NOI $35,645 @ 7.0% cap · market cap 2.14%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,232
Businesses Nearby
122k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Groceries 29%
Shops & Services 29%
Stop & Shop
Groceries
35,739 visits/mo
0.2 miles
McDonald's
Dining
24,223 visits/mo
0.1 miles
Starbucks
Dining
18,226 visits/mo
0.5 miles
Shell
Shops & Services
14,325 visits/mo
0.3 miles
Dunkin' Donuts
Dining
9,332 visits/mo
0.1 miles
Demographics for 11735, NY
32,989
Population
11,435
Households
2.9
Avg Household Size
42
Median Age
45%
College-Educated
92%
High-School Grad
10.7 sq mi
ZIP Area
3,083
Density / Sq Mi
$146,190
Median Household Income
$64,273
Median Earnings
$2,285
Median Rent
$572,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Gas station - Freestanding corner-site facility with multiple access points and Residence B zoning.
Where is this gas station located?
The property is located at 566 Fulton Street Farmingdale, NY.
What is the asking price?
The asking price for this property is $1,665,000.
What are key features of this property?
This property features: 1,800‑square‑foot freestanding building with convenience store layout; 8 fueling stations on a 0.17‑acre corner lot; 100 feet of frontage along Fulton Street
