Technical
Financial
Distress signals
Property profile

45 Carmans Rd Massapequa, NY 11758

FOR SALE
Turn key restaurants
Property ID
US63-1152120
5,304 SF 0.95 ac lot Built 2011
Entity Owned 15-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property presents a rare opportunity to acquire a fully renovated, high-end freestanding restaurant building in the heart of Massapequa, NY. Situated on a sizable 0.95-acre lot, this 5,304 square foot building boasts 86 dedicated on-site parking spaces – a significant advantage in this bustling commercial area. The interior is meticulously finished and equipped for immediate operation, featuring a fully built-out liquor bar and a state-of-the-art kitchen complete with walk-in freezers. The building's prime location within a busy shopping zone ensures high visibility and foot traffic. Surrounding national retailers include Macy's, Chase Bank, Sears, and DICK'S Sporting Goods, creating a strong synergy and attracting a substantial customer base. This turnkey operation is ideal for an experienced restauranteur seeking a well-established presence in a thriving market. The property's size and amenities offer significant potential for growth and profitability, making it an attractive investment in a highly desirable location. The asking price is $3,588,000. This is a unique chance to own a successful, established restaurant in a prime commercial area with excellent visibility and ample parking.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2011
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,304 SF
Lot 0.95 ac (41,469 SF)
APN 53-023-00-0386
UPID US63-1152120

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
  • Restaurant
  • Restaurant
  • Restaurant

Location

45 Carmans Rd Massapequa, NY 11758
Massapequa metro Census 522000 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$55k

Owner & transaction history

since 2010
2 recorded transactions
2010
$1.2M
1969
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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