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Property profile & analytics
OFF-MARKET
Commercial real estate

527 Broadway Massapequa, NY 11758

1,700 SF Built 1991
Property ID
US63-2516858
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1991
Total area 1,700 SF
UPID US63-2516858
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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