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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

279 Burnside Ave Lawrence, NY 11559

8,478 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 8,478 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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