43 Village Ave Rockville Centre, NY 11570
- Retail space
- 1,928 SF
- 0.07 lot acres
Current Use by Public Records
- Vulcano 081 / Pizza Restaurant / Italian Restaurant
Property Details for 43 Village Ave
- Year built
- 1890
- Construction
- FRAME
- Lot size
- 0.07 lot acres
- Property size
- 1,928 SF
- Property type
- Retail space
- APN
- 38-295-00-0003
- APU
- 38295000003
Description
This exceptional two-story mixed-use building, situated at 43 North Village Avenue in Rockville Centre, New York, presents a unique opportunity for both owner-users and investors. Boasting 4,332 square feet on a 0.074-acre lot, this 1890-built property features two units within a single building. The ground floor currently houses an established restaurant operating on a month-to-month lease, generating $8,000 in monthly rent. The second floor offers vacant office space, ripe for development or lease. Located in a highly desirable retail corridor in the heart of Rockville Centre, this property benefits from tremendous exposure due to its proximity to Sunrise Highway, boasting an average annual daily traffic count of approximately 40,000 vehicles. Its strategic placement near the Rockville Centre Long Island Rail Road station ensures high vehicular and pedestrian traffic. The property is zoned Business A (B-A), making it suitable for a variety of commercial uses. The asking price is $1,600,000, translating to $369.34 per square foot. This prime location, coupled with the existing income stream and development potential, makes this an attractive investment opportunity in a thriving commercial area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $910,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $905,000
- 6.5%
- $925,000
- 7%
- $815,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $920,000
- Geo Method
- $960,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $990,000
- Retail
- $1,015,000
- Mixed-Use
- $840,000
- Hospitality
- $870,000
- Educational
- $805,000
- Residential Income
- $1,005,000
- Energy
- $765,000
- Income-Based Land
- $950,000
- Food Service
- $835,000
Location Insight
- Map
- Local Demand
- City
- Rockville Centre
- County
- Nassau
- State
- New York
- Longitude
- -73.6475
- Latitude
- 40.6579
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
