Property summary
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
VerifiedCap rate & NOI
Current use
-
Restaurant Cafe & Coffee Shop
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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