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    426 Plandome Rd Manhasset, NY 11030

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    For Sale
    Contact for pricing

    Prime location, 14,552 SF, redevelopment potential

    Property size:
    14,552 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This fee-simple, 14,552 square foot retail storefront in Manhasset, NY, presents a unique value-add redevelopment opportunity. Located at 426 Plandome Rd, this two-story, 1936-built building boasts a 100% occupancy rate across three tenants, all on month-to-month leases, offering immediate flexibility. The property features a fully operational, two-story movie theater with a liquor license, adding significant income potential. The building's prime corner location is within walking distance of the Manhasset LIRR train station, benefiting from excellent accessibility and strong demographics. The median income within a 5-mile radius exceeds $200,000, and the area's population surpasses 330,000 residents. The corner stores are ideally suited for restaurant use, and the second-floor theater provides access to a rooftop area above the first floor. This property is a rare find, offering substantial upside for a savvy investor seeking a prime redevelopment project in a thriving Long Island community. The building is situated in Nassau County, NY, zip code 11030. The lease type is net, with a remaining lease term of one year.

    Property Features for 426 Plandome Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,552 SF

    Building Details

    Year Built
    1936
    Buildings
    1
    Stories
    2

    HighLights

    • Prime corner retail building in downtown Manhasset, NY.
    • Walking distance to the Manhasset LIRR station.
    • Three month‑to‑month tenants allow for flexible redevelopment.
    • Includes a fully operational, two‑story movie theater with a liquor license.
    • Excellent restaurant space potential.
    • Second‑floor theater accesses a rooftop area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Globus Coffee LLC Tea House

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Manhasset
    County
    Nassau
    State
    New York
    Longitude
    -73.700000908632
    Latitude
    40.798330277066

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    FAQs

    What type of property is this?
    Individual retail property - Prime location, 14,552 SF, redevelopment potential
    Where is this individual retail property located?
    The property is located at 426 Plandome Rd Manhasset, NY.
    What are key features of this property?
    This property features: Prime corner retail building in downtown Manhasset, NY.; Walking distance to the Manhasset LIRR station.; Three month-to-month tenants allow for flexible redevelopment.
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    426 Plandome Rd Manhasset, NY 11030
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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
    426 Plandome Rd Manhasset, NY 11030
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