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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

40 Levittown Pkwy Hicksville, NY 11756

Property ID
Property summary
AI-generated overview

This exceptional retail storefront property, located at 40 Levittown Parkway, Hicksville, NY 11756, presents a rare investment opportunity. The property, asking $2,900,000, is a fully leased retail strip center, boasting a strong annual cash flow of $280,000. This is the first time this property has been on the market in 25 years, indicating its stability and desirability. Situated in the thriving Levittown community, the property benefits from its convenient location near the busy Hempstead Turnpike and a local school, ensuring high visibility and foot traffic. Tenants enjoy easy access via a large municipal parking lot located at the rear of the building. This prime corner location offers a secure investment with established, reliable tenants, making it an attractive proposition for discerning investors seeking a stable and profitable retail asset in a well-established Nassau County market. The property's long-standing success and consistent cash flow make it a compelling opportunity for long-term growth and return on investment.

Property profile
Verified
Property type Retail properties & Spaces
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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