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Property profile & analytics
OFF-MARKET
Mixed-use properties

870 Nassau Rd Uniondale, NY 11553

5,980 SF 0.14 ac lot Built 1924
Individually Owned
Property ID
US63-4112614
Property summary
AI-generated overview

This exceptional mixed-use property, located at 870 Nassau Road in Uniondale, NY, presents a compelling investment opportunity. The building boasts a substantial 5,980 square feet situated on a 0.14-acre lot, offering ample parking. A key feature is the currently leased deli, secured by a five-year lease, providing immediate and consistent rental income. Above the deli, a spacious three-bedroom, one-bathroom apartment occupies the second floor, complete with abundant storage space. This apartment also generates rental income, adding to the property's overall value. The property's prime location in Uniondale offers easy access to major roadways like the parkway, as well as nearby schools and shopping centers, enhancing its appeal to both tenants and potential buyers. The large parking lot presents significant development potential, allowing for future expansion or diversification of income streams. This property is ideally suited for an investor seeking a strong return on investment with a stable, existing income stream and significant upside potential. The current rental income provides a solid foundation, while the expansive parking lot and desirable location offer opportunities for future growth and increased profitability. This is a rare opportunity to acquire a well-situated mixed-use property with immediate cash flow and long-term growth prospects. The asking price is $1,300,000.

Property profile
Verified
Property type Mixed-use properties
Year built 1924
Total area 5,980 SF
Lot 0.14 ac (6,098 SF)
UPID US63-4112614
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
Current use
Occupant on record · Public records
  • E & M Grocery Inc Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Simeon A Leiva
Simeon A Leiva
since 2025
2 recorded transactions
2025
Price N/A
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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