Current Use by Public Records
- Super 7 Convenience and Smoke Shop / Grocery & Convenience Store
Property Details for 148 Union Ave
- Property type
- Specialty properties
- Property subtype
- Land
Description
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.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lynbrook
- County
- Nassau
- State
- New York
- Longitude
- -73.6756
- Latitude
- 40.6497
