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Property profile & analytics
OFF-MARKET
Specialty properties

148 Union Ave Lynbrook, NY 11563

Property ID
Property summary
AI-generated overview

This exceptional Lynbrook, NY commercial property presents a lucrative investment opportunity. Located at 148 Union Avenue, 11563, this established convenience store boasts a substantial 4400 square feet of space, encompassing a 2200 sq ft first floor and an equally sized basement. Recently renovated, the store is equipped to sell lottery tickets, cigarettes, and beer, holding all necessary licenses. The current monthly rent stands at $3500, with a lease term open to negotiation. Financial performance is impressive, showcasing a gross profit of $245,700 and a net operating income (NOI) of $169,600. The asking price of $350,000 excludes inventory. This prime location in Nassau County offers significant growth potential for a savvy investor seeking a high-return commercial venture. The property is classified as Special Purpose Land and is zoned for commercial use. This is a turnkey operation ready for immediate income generation. Serious inquiries only.

Property profile
Verified
Property type Specialty properties
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
  • Super 7 Convenience and Smoke Shop Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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