43 N Village Ave, Rockville Centre, NY 11570
For Lease
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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.
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Vulcano 081 Restaurant
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
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.