Ultra-prime 1031 exchange investment opportunity in the heart of Great Neck Plaza’s busiest commercial corridor. Fully occupied mixed-use commercial building featuring 10 tenants (5 retail + 5 office) with strong, in-place cash flow. Current annual income exceeds $800,000, delivering a rare close to 7% cap rate in a core, transit-oriented… Read More downtown location. The property offers long-term stability with significant upside potential. Located in the Business “B” District, which is undergoing zoning modernization encouraging mixed-use redevelopment, allowing for future value enhancement through reconfiguration or repositioning. Steps from LIRR, surrounded by national and local retailers, restaurants, and essential services. Ideal for investors seeking immediate yield, capital preservation, and future redevelopment or income growth potential in one of Long Island’s most established downtown markets. Read Less
Listing Courtesy of B Square Realty, 917-547-4288.
Listing Snapshot
Days Online
56
Last Updated
Property Type
Business
Lot Size
0.23 Acres
Year Built
1971
Property Tax
$154,101
MLS Number
959080
30 Days Snapshot Of 11021
$965k
-9%
(avg) sold price
14
-36%
homes sold
159
-5%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Description: "Common", "Partially Finished"
Building
Building Area: 29808, Construction Materials: "Brick", Year Built: 1971
Cooling
Details: "Central Air", "Electric", "Multi Units"
Heating
Heating: "Electric", "Hot Water"
Lot
Acres: 0.2281, Size: 9936
Utilities
Sewer: "Other", "Public Sewer", Water Source: "Public", Utilities: "Cable Connected", "Electricity Connected", "Natural Gas Connected", "Water Connected"
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The data relating to real estate for sale on this website comes courtesy of ONEKEY as distributed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
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