Technical
Financial
Distress signals
Property profile

20 Meacham Ave Elmont, NY 11003

OFF-MARKET
Strip malls
Property ID
US63-2346539
5,754 SF 0.45 ac lot Built 1977
Entity Owned 26-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This turnkey retail business opportunity is located at 20 Meacham Avenue, Unit E, in Elmont, New York. Situated within a bustling strip mall directly across from Hempstead Turnpike, this property boasts exceptional visibility and high foot traffic counts, ensuring a steady stream of potential customers. The business, Muskan Fresh Juice Corner, benefits from a long-term lease agreement, minimizing operational uncertainties. The monthly rent is $3,000, which includes property taxes. While the square footage is not specified, the location's prime position within a high-traffic area makes this an attractive investment. The asking price for this established business is $75,000. This presents a unique chance to acquire a profitable, ready-to-operate business in a desirable commercial location. The property's strategic placement near Hempstead Turnpike guarantees significant exposure to a large customer base. This is an excellent opportunity for an entrepreneur seeking a well-established business with a proven track record in a high-demand area. The inclusion of taxes in the rent further simplifies operational costs, making this a financially attractive proposition. Serious inquiries are encouraged.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1977
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,754 SF
Lot 0.45 ac (19,602 SF)
APN 32-562-00-0147
UPID US63-2346539

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
  • Computer & Electronic Repair Tech Support Center
  • Restaurant
  • Bank Credit Union
  • Big Box & Wholesale Store
  • Restaurant

Location

20 Meacham Ave Elmont, NY 11003
Elmont metro Census 405200 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$70k

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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