Listing Agency: Marcus & Millichap - Manhattan m***@marcusmillichap.com Show Phone

Listed By: Michael Tuccillo · License #NY 10401244358

Source: Crexi

Added: Apr 13 Changed: Aug 30 Last Checked: Aug 30 at 7:31AM

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Investment Insights

Based on property information with market context.

This retail strip center contains approximately 5,173 square feet of leasable area across six storefronts on a 0.15-acre parcel. All storefronts are occupied. Tenants pay gas, heat, and water, with water billed at $25/Month except for unit #8, which is separately metered. Tenants also cover a portion of the property taxes.

The property fronts Broadway in Malverne, NY, where traffic exceeds 15,000 vehicles daily. Nearby retail and service operators include Chase Bank, USPS, and Webster Bank. Additional area demand drivers include the Malverne LIRR Station and Malverne High School, while the property sits just south of the Southern Parkway.

Key Highlights

• 0.15‑acre parcel with approximately 5,173 square feet of leasable area
• Six storefronts with 100% occupancy
• Broadway exposure with over 15,000+ vehicles daily

Property Analytics

Property Profile

Current Use

Broadway Tavern Bar & Pub

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Hair Salon Spa & Massage Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

759

Businesses Nearby

31k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 94% Dining 6%

7-Eleven Shops & Services

11,659 visits/mo 0.5 miles

7-Eleven Shops & Services

9,505 visits/mo 0.5 miles

Chase Bank Shops & Services

5,576 visits/mo 0.5 miles

Webster Bank Shops & Services

1,956 visits/mo 0.4 miles

Villagio Dining

1,380 visits/mo 0.5 miles

Demographics for 11565, NY

8,845

Population

3,466

Households

2.6

Avg Household Size

47

Median Age

56%

College-Educated

96%

High-School Grad

1.1 sq mi

ZIP Area

8,041

Density / Sq Mi

$145,290

Median Household Income

$72,548

Median Earnings

$1,861

Median Rent

$628,500

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Strip mall - Fully occupied retail center with tenant-paid utilities and shared responsibility for a portion of property taxes.

Where is this strip mall located?

The property is located at 8 Broadway Malverne, NY.

What are key features of this property?

This property features: 0.15‑acre parcel with approximately 5,173 square feet of leasable area; Six storefronts with 100% occupancy; Broadway exposure with over 15,000+ vehicles daily