371 Un Ave, Westbury, NY 11590-3231
This exceptional 5.5 million dollar commercial property, located at 371 Union Avenue in the heart of Westbury, New York, presents a remarkable investment opportunity. Situated on a corner lot, this property benefits from high foot traffic, making it ideal for a variety of commercial ventures. The existing structure offers significant potential for redevelopment. Imagine the possibilities: a modern luxury apartment complex catering to the growing demand for upscale housing, a vibrant collection of upscale shops and boutiques capitalizing on the area's bustling atmosphere, or a mixed-use development combining residential and commercial spaces. The strategic location within Westbury ensures easy access to major transportation routes, enhancing its appeal to both residents and businesses. This property's prime location and substantial size make it an exceptional canvas for a visionary developer seeking to create a landmark project. The substantial lot size provides ample space for a large-scale development, allowing for creative architectural designs and expansive layouts. This is a rare chance to acquire a highly desirable commercial property in a thriving area with immense potential for significant returns. The property is offered at $5,500,000. Serious inquiries only. The property is zoned for commercial use. Further details regarding zoning regulations and development possibilities are available upon request.
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Universal Taxi Courier Service
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Tow Truck Long Island Auto Repair Shop
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Naderi Properties Construction Company General Contractor
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MARQUEZ MULTISERVICE INC. Bank Credit Union
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Nabe Tax Pros (Your Neighborhood Tax Professionals) Tax Preparation
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 Sale
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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.