870 Nassau Rd Uniondale, NY 11553

Property Details for 870 Nassau Rd

Year built

1924

Lot size

0.14 lot acres

Property size

5,980 SF

Property type

Mixed-use properties

Description

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.