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    Property profile & analytics
    FOR SALE
    Retail space

    653-655 Middle Neck Rd, Great Neck, NY 11023

    2,277 SF 0.14 ac lot Built 1900
    Entity Owned 28-yr Hold Free & Clear
    Property ID
    US63-2938847
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 653-655 Middle Neck Rd in Great Neck, NY 11023, presents a unique investment opportunity. The 9,010 square foot storefront, built in 1900, is a two-story building with a permitted commercial zoning. The property includes seven parking spaces, a significant advantage in this location. Currently housing a well-established bathroom fixtures and accessories business, the sale includes both the real estate and the business. The asking price for the property is $2,900,000, while the business is priced separately at $500,000, totaling $3,788,000 for both. The property boasts a rich history, having been continuously operated as a retail space since 1970, undergoing significant renovations and expansions over the years to create luxurious showrooms on both floors. The building's history includes a conversion of a former lumberyard into storage space and the transformation of the second floor into a showroom. The property is situated in Nassau County and offers a prime location for a variety of retail uses. Showings are by appointment only, and proof of funds is required. A non-disclosure agreement is necessary for access to business financials. All information should be independently verified.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1900
    Construction FRAME
    Total area 2,277 SF
    Lot 0.14 ac (6,000 SF)
    APN 01-088-00-0454
    UPID US63-2938847
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.85M
    Blend (final) Blend
    $1.44M
    Owner & transaction history
    K K Realty Associates LLC · 28 yrs held
    K K Realty Associates LLC
    since 1998
    1 recorded transaction
    1998
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $2.0M +54.0%
    Office building $1.6M +23.8%
    Auto repair, garage $1.5M +15.3%
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    More about this property
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