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Property profile & analytics
FOR SALE
Investment properties

328 N Broadway Jericho, NY 11753

1,720 SF 0.43 ac lot Built 1961
Individually Owned Absentee Owner ~ Est. High Equity
Property ID
US63-2908955
Property summary
AI-generated overview

This exceptional 1,720-square-foot vacant storefront, located at 328 N Broadway in Jericho, NY, presents a compelling value-add investment opportunity. The property, built in 1961, sits on a sizable 18,660-square-foot lot and offers 17 on-site parking spaces, a significant advantage in this high-traffic area. Currently vacant, this Class C building provides a blank canvas for a variety of retail uses. The asking price is $2,750,000, translating to $1,598.84 per square foot. The property is zoned for commercial use and benefits from its convenient location near major roadways including the Northern State Parkway, the Long Island Expressway, and the Jericho Turnpike, ensuring excellent visibility and accessibility. The fee-simple ownership provides complete control and potential for significant return on investment. This prime Jericho location is surrounded by other retail establishments, creating a synergistic environment for future tenants. The property's size and ample parking make it an attractive proposition for a wide range of retail businesses seeking a strong foothold in a thriving community. The property's vacant status allows for immediate customization and tenant selection, maximizing potential rental income. This is a rare opportunity to acquire a well-situated retail property in a desirable Nassau County location. The property's address is 2489-11-395-00-0022-0 (APN).

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1961
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,720 SF
Lot 0.43 ac (18,644 SF)
APN 11-395-00-0022
UPID US63-2908955
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$775k
Blend (final) Blend
$555k
Owner & transaction history
Angelo Picatagi
Angelo Picatagi
1 recorded transaction
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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