279 Burnside Ave Lawrence, NY 11559
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.
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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.