328 N Broadway Jericho, NY 11753
For Sale
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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).
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.