2431 Grand Ave Baldwin, NY 11510-3219

This exceptional mixed-use property at 2431 Grand Ave, Baldwin, NY, presents a lucrative investment opportunity. The building comprises four units: two retail spaces and two apartments, all currently leased to reliable tenants. One retail space is a sizable barbershop, and the other is a smaller organic grocery store. The current rental income is below market value, offering significant potential for increased revenue through rent adjustments. The property boasts an enviable location on the corner of Merrick Road and Grand Avenue, a high-traffic intersection with two lanes in each direction on both streets. This ensures excellent visibility and accessibility for the retail businesses. The surrounding area is vibrant and features a diverse mix of businesses and amenities, including the Baldwin Library, a pool hall, NOVI Restaurant, Capital One Bank, Gala Fresh Supermarket, other retail stores, and Kitty's Salon. The Long Island Rail Road is conveniently located just one block away, enhancing accessibility for both residents and customers. Ample parking is available, with a large municipal lot directly behind the building, as well as plentiful street parking and a bus stop directly in front. This property offers a compelling combination of strong existing income, significant upside potential, and a prime location in a thriving community. The building's strategic placement and the current tenant occupancy make this an attractive investment for those seeking a stable and potentially high-growth portfolio addition.