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    43 Village Ave Rockville Centre, NY 11570

    Sponsored
    For Sale
    $1,600,000

    Prime location, high traffic, investment potential.

    Property size:
    4,332 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-story mixed-use building, situated at 43 North Village Avenue in Rockville Centre, New York, presents a unique opportunity for both owner-users and investors. Boasting 4,332 square feet on a 0.074-acre lot, this 1890-built property features two units within a single building. The ground floor currently houses an established restaurant operating on a month-to-month lease, generating $8,000 in monthly rent. The second floor offers vacant office space, ripe for development or lease. Located in a highly desirable retail corridor in the heart of Rockville Centre, this property benefits from tremendous exposure due to its proximity to Sunrise Highway, boasting an average annual daily traffic count of approximately 40,000 vehicles. Its strategic placement near the Rockville Centre Long Island Rail Road station ensures high vehicular and pedestrian traffic. The property is zoned Business A (B-A), making it suitable for a variety of commercial uses. The asking price is $1,600,000, translating to $369.34 per square foot. This prime location, coupled with the existing income stream and development potential, makes this an attractive investment opportunity in a thriving commercial area.

    Property Features for 43 Village Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,332 SF
    Lot Size
    3,223 SF

    Building Details

    Year Built
    1890
    Buildings
    1
    Stories
    2
    Units
    2

    HighLights

    • Prime Rockville Centre location in a high‑traffic retail corridor.
    • High visibility with ~40,000 AADT on Sunrise Highway.
    • Excellent pedestrian and vehicular traffic near the LIRR station.
    • Mixed‑use building (4,332 SF) offering owner‑user or investment potential; ground floor restaurant ($8,000/month, month‑to‑month lease) and vacant second‑floor office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vulcano 081 Pizza Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rockville Centre
    County
    Nassau
    State
    New York
    Longitude
    -73.64783187
    Latitude
    40.65794887

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    FAQs

    What type of property is this?
    Individual retail property - Prime location, high traffic, investment potential.
    Where is this individual retail property located?
    The property is located at 43 Village Ave Rockville Centre, NY.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Prime Rockville Centre location in a high-traffic retail corridor.; High visibility with ~40,000 AADT on Sunrise Highway.; Excellent pedestrian and vehicular traffic near the LIRR station.
    Request Owner's contact information
    43 Village Ave Rockville Centre, NY 11570
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    Rockville Centre, NY 11570
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    43 Village Ave Rockville Centre, NY 11570
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