701 Nostrand Ave Uniondale, NY 11553-3026
This exceptional mixed-use property at 701 Nostrand Avenue in Uniondale, NY, presents a unique investment opportunity. Situated on a 0.43-acre lot, this highly visible corner location boasts over 20,000 vehicles passing daily, ensuring significant exposure for any business. The property features approximately 1300 square feet of commercial space with 56 feet of frontage on Jerusalem Avenue. Currently, the property includes a separate, income-generating single-family residence, ideal for owner-operator occupancy or workforce housing. Its history as a farm stand and retail establishment speaks to its adaptability and proven commercial viability. The property's zoning, Residence District (B), allows for its current uses and permits accessory uses such as professional office space or senior residences, offering considerable flexibility for future development. This prime location offers easy access to major attractions and entertainment venues, further enhancing its appeal. The combination of high visibility, existing income stream, and flexible zoning makes this a truly one-of-a-kind property with significant potential for growth and return on investment. Priced at $1,150,000, this property represents a compelling opportunity for discerning investors seeking a versatile and profitable asset in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
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.