527 Broadway Massapequa, NY 11758
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
No recorded transactions found for this property.
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.