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Property profile & analytics
FOR SALE
Retail space

247 Post Ave Westbury, NY 11590

4,000 SF 0.11 ac lot Built 1960
Entity Owned 9-yr Hold Free & Clear
Property ID
US63-5568054
247 Post Ave, Westbury, NY 11590 For Sale
$78,000 4,000 SF
247 Post Ave, Westbury, NY 11590
View Listing →
Property summary
AI-generated overview

This exceptional commercial property located at 247 Post Avenue in Westbury, New York, presents a unique investment opportunity. The property is a thriving boba tea store, currently operating successfully. The main storefront comprises 1250 square feet of well-designed retail space, perfectly suited for its current use. In addition to the street-level storefront, a substantial 1250 square foot basement provides ample storage and operational space. The business is equipped with brand new equipment, ready for immediate operation. The diverse menu includes boba tea, ice cream, and snacks, catering to a wide range of customer preferences. The current monthly rent is $3,500, inclusive of taxes, representing a manageable operating cost. This turnkey operation offers a seamless transition for a new owner, eliminating the need for extensive setup and allowing for immediate revenue generation. The property's prime location in Westbury ensures high visibility and accessibility, contributing to the business's success. This is an ideal opportunity for an entrepreneur seeking a profitable, established business with significant growth potential. The asking price for this established business and its associated commercial space is $150,000. Serious inquiries only.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1960
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,000 SF
Lot 0.11 ac (5,000 SF)
APN 10-190-00-0785
UPID US63-5568054
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
  • Champions Martial Arts Westbury Training Center Sports School
  • Kabul Kabab House Restaurant
  • ESP Realty, Inc. Real Estate Agency
  • Cavagnuolo Scott MD Physician
  • Bcs Post, Inc. Post Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$825k
Owner & transaction history
Jin Cheng LLC · 9 yrs held
Jin Cheng LLC
since 2016
2 recorded transactions
2016
$1.2M
2005
$650,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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