527 Broadway Massapequa, NY 11758
- Commercial real estate
- 1,700 SF
Current Use by Public Records
- Fountain of Youth Beauty Spa LLC / Facial Spa
- Giovanna Hair & Nail Salon / Hair Salon / Beauty Salon
Property Details for 527 Broadway
- Year built
- 1991
- Property size
- 1,700 SF
- Property type
- Commercial real estate
Description
Exceptional opportunity to acquire a well-established, turnkey salon in Massapequa, NY. This 1,700 square foot, single-story property, built in 1991, is located at 527 Broadway, 11758, and is currently vacant. Priced at $115,000 ($67.65/sq ft), the property boasts a strong history, having operated under the same ownership for 17 years. The sale includes all existing salon equipment, making it ideal for a seamless transition. The spacious layout features a main salon area, plus four private rooms on a second floor, with two currently rented. The business previously employed 16 staff members (8 on the first floor, 6 on the second, and 2 assistants), all potentially available to the new owner. The current lease has five years remaining, with a monthly rent of $5,000 (taxes included). Convenient amenities include an on-site ATM, a point-of-sale (POS) system, security cameras, and handicap accessibility. Ample parking is available in a rear employee lot and a free lot across the street. The property undergoes bi-annual inspections with no reported violations. This is a remarkable opportunity to acquire a profitable, established business with significant potential for growth.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Massapequa
- County
- Nassau
- State
- New York
- Longitude
- -73.4702981
- Latitude
- 40.6791211
