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    FOR LEASE
    Retail space

    250 S Service Rd, Roslyn Heights, NY 11577

    2,055 SF 2.28 ac lot Built 1967
    Entity Owned 13-yr Hold Free & Clear
    Property ID
    US63-1931338
    Property summary
    AI-generated overview

    This exceptional retail shopping center in Nassau County offers a unique investment opportunity. Boasting a total of 41,547 square feet, the property features 134 parking spaces, ensuring ample convenience for customers. The center benefits from a highly visible location with 600 feet of frontage directly facing the Long Island Expressway, boasting an average daily traffic count exceeding 182,000 vehicles. This prime location provides tremendous branding exposure for tenants. Further enhancing its accessibility, an additional access easement on Willis Avenue offers an extra opportunity for prominent signage. The center is currently anchored by established and successful businesses, including ProHealth and Soulcycle, creating a strong and desirable tenant mix. Multiple units are available, ranging from a minimum of 392 square feet to a maximum contiguous space of 4,800 square feet, with a total of 5,192 square feet currently vacant. The property sits on a substantial 99,360 square foot lot, providing ample space and potential for future expansion or development. This is an exceptional opportunity to secure a retail space in a high-traffic, highly visible location with strong existing tenants. Easy access to the Long Island Expressway (both east and westbound) ensures convenient access for customers and employees alike.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1967
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 2,055 SF
    Lot 2.28 ac (99,360 SF)
    APN 07-00M-00-0768
    UPID US63-1931338
    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
    • SoulCycle Roslyn Cycling Facility Gym & Fitness Center
    • Villency Design Group IT Consulting Firm
    • SkinSpirit Roslyn Heights Spa & Massage Center Alternative Medicine Practice
    • [solidcore] Gym & Fitness Center
    • Sandra Torres Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.94M
    Blend (final) Blend
    $1.44M
    Owner & transaction history
    250 Rh LLC · 13 yrs held
    250 Rh LLC
    since 2013
    4 recorded transactions
    2013
    1998
    $2.5M
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $1.8M +54.0%
    Office building $1.5M +23.8%
    Auto repair, garage $1.4M +15.3%
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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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