Current Use by Public Records
- Lifestyle centers
Property Details for 2644 Lincoln Ave
- Year built
- 1950
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This single-story, 10,835 square foot retail strip center in Roslyn Heights, NY, is available for $6,500,000. Built in 1950 and renovated in 2019, the property boasts a 5.69% pro-forma cap rate and a $369,648 pro-forma NOI. Currently 78.1% occupied with seven tenants under net leases, the center features 245 feet of road frontage on Lincoln Avenue, providing excellent visibility. The property includes six on-site parking spaces and benefits from abundant street parking. Its prime location is adjacent to the Roslyn LIRR train station, Roslyn High School, and newly constructed residential apartments, surrounded by high-value homes. The 20,349 square foot lot is zoned Business B (B-B), offering a rare opportunity for owner-users in a densely populated area with superior demographics and high average daily traffic (18,125). This investment presents a compelling opportunity in a thriving North Shore Long Island market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Roslyn Heights
- County
- Nassau
- State
- New York
- Longitude
- -73.6414
- Latitude
- 40.7918
