Retail Strip Center in
718 N Wellwood Ave, Lindenhurst, NY 11757
Retail strip center with high traffic and strong demographics.
Type:Retail
Property size:
5,805 SFLot size:
0.22 AcresPrice / SF:
$223/SF- Added:
- Feb 4, 2026
- Days on Market:
- 101
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 718 N Wellwood Ave
General Information
- Standard status
- Active
- Size
- 5,805 SF
- Lot size
- 0.22 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1920
Listing agent Michael Tuccillo License #NY 10401244358
Listing office Marcus & Millichap - Manhattan (212) 430-5196
Listing date Feb 4, 2026
Source Crexi
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 Marcus & Millichap - Manhattan
HighLights
- High‑traffic location on N Wellwood Avenue with 29,560 vehicles per day.
- Located in an area with strong demographics: over 148,000 residents within a 3‑mile radius and an average household income exceeding $141,000.
- Retail strip center with four stores, offering income potential.
- Proximity to major retailers such as King Kullen, McDonald’s, Chase Bank, and 7‑Eleven.
- On‑site parking available on the south side of the building.
- Property size: +/- 5,805 square feet on a 0.22‑acre parcel.
Overview
The property at 718-724 N Wellwood Avenue is a retail strip center located in Lindenhurst, NY. Situated on a 0.22-acre parcel, the property includes approximately 5,805 square feet of space. The strip center consists of four stores, with one current vacancy. On-site parking is available on the south side of the building. Located on N Wellwood Avenue, the property benefits from a high-traffic location with 29,560 vehicles per day. The property is near retailers such as King Kullen, McDonald’s, Chase Bank, and 7-Eleven. The surrounding area has a population of over 148,000 within a three-mile radius, and the average household income exceeds $141,000.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.26M
NOI $113,494 @ 9.00% cap · cautious / downside scenario
Moderate
$1.62M
NOI $113,494 @ 7.00% cap · market / base-case scenario
Aggressive
$2.27M
NOI $113,494 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $174.2k | $30.00 |
| − Vacancy | −$12.0k | −$2.07 |
| EGI | $162.1k | $27.93 |
| − OpEx | −$48.6k | −$8.38 |
| NOI | $113.5k | $19.55 |
5,805 SF · lease $30.00/SF/yr · vacancy 6.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.62M
$1.42M – $1.89M
NOI $113,494 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,793 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Strip malls
Location Insight
- Map
- Local Demand
- City
- Lindenhurst
- County
- Suffolk
- State
- New York
- Longitude
- -73.387185
- Latitude
- 40.70525
Nearby Similar for Sale
FAQs
What type of property is this?
Strip mall - Retail strip center with high traffic and strong demographics.
Where is this strip mall located?
The property is located at 718 N Wellwood Ave Lindenhurst, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: High‑traffic location on N Wellwood Avenue with 29,560 vehicles per day.; Located in an area with strong demographics: over 148,000 residents within a 3‑mile radius and an average household income exceeding $141,000.; Retail strip center with four stores, offering income potential.
