Current Use by Public Records
- Mark Slamowitz, DC / Alternative Medicine Practice
- Renaissance Chiropractic / Alternative Medicine Practice
- Peijun Zeng / Alternative Medicine Practice / Acupuncture
- Peijun Zeng, Lac / Medical Clinic / Alternative Medicine Practice
Property Details for 279 Burnside Ave
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a five-unit retail strip totaling 8,478 square feet, situated on a highly visible corner lot in Lawrence, New York. The property boasts 100% occupancy with four tenants under a net lease agreement for a secure 8-year term. The diverse tenant mix includes a grocery store and other retail businesses, ensuring a stable income stream. The building is a single-story structure situated on a 19,166 square foot lot, zoned for Business Districts (X). Ample on-site parking is available in the rear, accommodating up to 24 vehicles, providing convenient access for customers and employees. This property offers a compelling combination of strong tenancy, excellent location, and significant upside potential. The asking price is $5,300,000. The property address is 279 Burnside Ave, Lawrence, NY 11559, within Nassau County. This is a multi-tenant property with a proven track record of success and strong potential for future growth. The location offers high visibility and easy access for customers. The long-term lease provides stability and predictable income. This is an ideal investment for those seeking a stable, high-return property in a desirable location.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lawrence
- County
- Nassau
- State
- New York
- Longitude
- -73.7367
- Latitude
- 40.6238
