148 Union Ave Lynbrook, NY 11563
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.
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Super 7 Convenience and Smoke Shop Grocery & Convenience Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.