Operating Convenience Store
For Sale
Contact for pricing
66 Broadway, Greenlawn, NY 11740
Turnkey convenience store with building, business, and inventory included.
Property Size2,100 SF
Price / SF$473.81
Days on Market843
Property Features for 66 Broadway
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Retail
Listing Agency:
DGNY Commercial
Listed By:
Gary Pezza · License #NY10301223199
Source:
Crexi
Added: Apr 12, 2024
Changed: Jul 6
Last Checked: Aug 1 at 2:04PM
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 DGNY Commercial
Investment Insights
Based on property information with market context.
This is an opportunity to acquire an operating convenience store. The building has been recently updated with a new roof, refrigeration, lighting, ceiling, flooring, and gas furnace. The building size is 2,100 square feet. The property is zoned C-6 and has real estate taxes of $16,363.60. The property benefits from great visibility in the center of town. The offering includes the building, business value, and inventory.
Key Highlights
- Operating Convenience Store: Includes business value and inventory.
- Recently Updated: New roof, refrigeration, lighting, ceiling, flooring, and gas furnace.
- Great Visibility: Located in the center of town.
Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.0k | $30.00 |
| − Vacancy | −$4.3k | −$2.07 |
| EGI | $58.7k | $27.93 |
| − OpEx | −$17.6k | −$8.38 |
| NOI | $41.1k | $19.55 |
2,100 SF · lease $30.00/SF/yr · vacancy 6.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$586.5K
$513.2K – $684.3K
NOI $41,057 @ 7.0% cap · market cap 4.13%
Second Best
Specialty Retail
$545.5K
$477.3K – $636.4K
NOI $38,183 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$639.8K
$559.8K – $746.4K
NOI $44,783 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
32k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 39%
Dunkin' Donuts
Dining
17,498 visits/mo
0.2 miles
Chase Bank
Shops & Services
7,802 visits/mo
0.1 miles
TD Bank
Shops & Services
4,736 visits/mo
0.4 miles
Carvel Ice Cream
Dining
2,188 visits/mo
0.1 miles
Demographics for 11740, NY
9,593
Population
3,662
Households
2.6
Avg Household Size
46
Median Age
57%
College-Educated
93%
High-School Grad
3.7 sq mi
ZIP Area
2,593
Density / Sq Mi
$161,705
Median Household Income
$77,275
Median Earnings
$686,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Turnkey convenience store with building, business, and inventory included.
Where is this grocery and convenience store located?
The property is located at 66 Broadway Greenlawn, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Operating Convenience Store: Includes business value and inventory.; Recently Updated: New roof, refrigeration, lighting, ceiling, flooring, and gas furnace.; Great Visibility: Located in the center of town.
