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    FOR LEASE
    Retail space

    43 N Village Ave, Rockville Centre, NY 11570

    1,928 SF 0.07 ac lot Built 1890
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US63-1551870
    Property summary
    AI-generated overview

    This exceptional two-story mixed-use building, situated at 43 North Village Avenue in Rockville Centre, New York, presents a unique opportunity for both owner-users and investors. Boasting 4,332 square feet on a 0.074-acre lot, this 1890-built property features two units within a single building. The ground floor currently houses an established restaurant operating on a month-to-month lease, generating $8,000 in monthly rent. The second floor offers vacant office space, ripe for development or lease. Located in a highly desirable retail corridor in the heart of Rockville Centre, this property benefits from tremendous exposure due to its proximity to Sunrise Highway, boasting an average annual daily traffic count of approximately 40,000 vehicles. Its strategic placement near the Rockville Centre Long Island Rail Road station ensures high vehicular and pedestrian traffic. The property is zoned Business A (B-A), making it suitable for a variety of commercial uses. The asking price is $1,600,000, translating to $369.34 per square foot. This prime location, coupled with the existing income stream and development potential, makes this an attractive investment opportunity in a thriving commercial area.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1890
    Construction FRAME
    Total area 1,928 SF
    Lot 0.07 ac (3,217 SF)
    APN 38-295-00-0003
    UPID US63-1551870
    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
    Current use
    Occupant on record · Public records
    • Vulcano 081 Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $635k
    CAP Approach CAP
    $585k
    Comparable Approach Comparable
    $952k
    Blend (final) Blend
    $890k
    Owner & transaction history
    Bergen Street Commons LLC · 2 yrs held
    Bergen Street Commons LLC
    since 2023
    Last sale
    $850,000
    6 recorded transactions
    2023
    $850,000
    2016
    2016
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $1.4M +22.9%
    Auto repair, garage $1.3M +17.5%
    Commercial (general) $1.3M +12.8%
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    More about this property
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