948 Broadway 958, Woodmere, NY 11598-1734
This exceptional 40,681 square foot retail property, situated on a 0.87-acre lot in Woodmere, NY, presents a unique investment opportunity. Boasting 191 feet of frontage on Broadway, this landmark location has thrived since 1948. The property currently houses five established businesses: two retail units, a culinary school, a state-of-the-art bowling alley, and a bustling nightclub. The expertly maintained building features high ceilings, a full basement, and ample parking with two on-site lots and municipal parking directly across the street. Convenient public transportation is also available just a block away. This prime development site offers significant growth potential. The bowling alley and nightclub are negotiable and can be delivered vacant, providing flexibility for future development or continued operation. The property's long-standing success and prime location make it an ideal investment for both developers and seasoned investors seeking a high-return opportunity in a thriving community. The beam and block construction ensures durability and longevity. This is a rare chance to acquire a substantial retail center with a proven track record and immense potential for future expansion and increased profitability.
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.