Property profile

603 Sunrise Hwy Lynbrook, NY 11563

OFF-MARKET
Neighborhood centers
31,000 SF
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Property summary

AI-generated overview

Philips Plaza, a vibrant retail strip center located at 603 Sunrise Highway in Lynbrook, NY 11563, offers exceptional leasing opportunities. This prime location boasts a total of 31,000 square feet of retail space, with a minimum divisible unit of 1,208 square feet and a maximum contiguous space of 3,500 square feet. Currently, 4,708 square feet are available for lease, providing a fantastic chance for businesses seeking high-traffic exposure. The property benefits from its strategic position on Sunrise Highway, a major east-west artery connecting Queens, Nassau, and Suffolk Counties, ensuring high visibility and accessibility. Its proximity to the Lynbrook Long Island Railroad Station and the Southern State Parkway further enhances its appeal, providing convenient access for both commuters and customers. The center is situated in a densely populated area, bordering the affluent Five Towns, guaranteeing a strong customer base. Ample parking is available with 180 spaces to accommodate shoppers and employees. This is an exceptional opportunity to establish or expand your business in a thriving retail environment. The property is a multiple-tenancy strip center, offering a diverse and dynamic retail mix. Don't miss this chance to secure your space in this highly sought-after location.

Property profile

Verified
Property type Neighborhood centers
Total area 31,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Skin Care Clinic
  • Spa & Massage Center Skin Care Clinic

Location

603 Sunrise Hwy Lynbrook, NY 11563
Lynbrook metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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