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    OFF-MARKET
    Retail properties & Spaces

    10 Ocean Ave, Lynbrook, NY 11563

    1,500 SF
    Property ID
    Property summary
    AI-generated overview

    This thriving Lynbrook nail salon and spa is a turnkey opportunity for a savvy investor. Established over 20 years ago, the current owner has operated the business successfully for the past 9.5 years. The 1,500 square foot space underwent a complete renovation just three years ago, boasting a brand new ventilation system. The salon features eight manicure tables, six pedicure stations, two spa suites, a dedicated office, a comfortable client lounge area, and convenient in-house laundry facilities (washer and dryer) and a bathroom. The business currently operates five days a week, Tuesday through Saturday. A significant advantage is the remaining lease term of 6.5 years. Operating expenses include payroll for three full-time and two part-time employees (including associated taxes), rent (with a 4% annual increase), utilities (electricity, gas, water), insurance, Wi-Fi, and garbage removal. The property is situated in a row of stores with ample shared outdoor parking (20-25 spaces). This well-established business presents a rare opportunity to acquire a profitable and fully operational salon and spa in a desirable Long Island location. The strong existing client base and proven track record make this an attractive investment with significant potential for growth. The recent renovation ensures the space is modern and well-maintained, minimizing immediate capital expenditures.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 1,500 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Embellish nails Nail Salon
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
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    Permitted uses
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