Property profile

426 Plandome Rd Manhasset, NY 11030

OFF-MARKET
Theaters & concert halls
Property ID
US63-3342202
160 SF 0.33 ac lot Built 1936
Entity Owned 13-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This fee-simple, 14,552 square foot retail storefront in Manhasset, NY, presents a unique value-add redevelopment opportunity. Located at 426 Plandome Rd, this two-story, 1936-built building boasts a 100% occupancy rate across three tenants, all on month-to-month leases, offering immediate flexibility. The property features a fully operational, two-story movie theater with a liquor license, adding significant income potential. The building's prime corner location is within walking distance of the Manhasset LIRR train station, benefiting from excellent accessibility and strong demographics. The median income within a 5-mile radius exceeds $200,000, and the area's population surpasses 330,000 residents. The corner stores are ideally suited for restaurant use, and the second-floor theater provides access to a rooftop area above the first floor. This property is a rare find, offering substantial upside for a savvy investor seeking a prime redevelopment project in a thriving Long Island community. The building is situated in Nassau County, NY, zip code 11030. The lease type is net, with a remaining lease term of one year.

Property profile

Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 1936
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 160 SF
Lot 0.33 ac (14,331 SF)
APN 03-071-00-0307
UPID US63-3342202

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Cafe & Coffee Shop

Location

426 Plandome Rd Manhasset, NY 11030-1943
Manhasset metro Census 301800 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2013
2 recorded transactions
2013
$119,872
1998
$495,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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