870 Nassau Rd Uniondale, NY 11553
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.
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E & M Grocery Inc Grocery & Convenience Store
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
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.