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Property profile & analytics
OFF-MARKET Estimated value $730,000
Retail space

89 Shr Rd Manhasset, NY 11030-2931

1,680 SF 0.1 ac lot Built 1926
Individually Owned 16-yr Hold Absentee Owner Free & Clear
Property ID
US63-1584749
Property summary
AI-generated overview

This exceptional 1,200 square foot retail space is ideally situated in a vibrant Manhasset, NY strip center at 89 E Shore Rd, Plandome, NY 11030. Located on the southbound side of East Shore Road, this end-cap unit benefits from high visibility and significant foot traffic. The property boasts a convenient location within a thriving commercial area, surrounded by complementary businesses focused on health and fitness. These include Top Gun Karate (Krav Maga), MC Dance & Fitness (offering Zumba, Bootcamp, and Boxing), and a large Crossfit gym. This synergistic tenant mix attracts a healthy and active clientele. The property features a large, easily accessible parking lot located at the rear of the building, ensuring ample parking for customers and employees. The single-tenant occupancy provides flexibility and control for the new occupant. This prime retail space presents a unique opportunity for businesses seeking high visibility and a strong customer base in a desirable Nassau County location. The property's strategic placement and the surrounding tenant mix create a compelling environment for attracting customers and building a successful business. This end-cap location offers excellent signage opportunities, further enhancing visibility and brand recognition. The property is ready for immediate occupancy.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1926
Construction FRAME
Total area 1,680 SF
Lot 0.1 ac (4,290 SF)
APN 02-189-00-0022
UPID US63-1584749
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
  • The Place For Relaxation | Spa Massage Manhasset Alternative Medicine Practice Spa & Massage Center
  • The Place For Relaxation Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$510k
Comparable Approach Comparable
$759k
Blend (final) Blend
$730k
Owner & transaction history
Kalimian Elias Tr · 16 yrs held
Kalimian Elias Tr
since 2009
2 recorded transactions
2009
$583,333
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.2M +23.8%
Auto repair, garage $1.1M +15.3%
Commercial (general) $1.1M +13.6%
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