1061 BroadwayMassapequa, NY 11758

This 12,750 square foot commercial building in Massapequa, NY, presents a compelling investment opportunity. Located on N. Broadway, just five blocks from the Southern State Parkway, it boasts excellent visibility and high traffic counts (23,600+ vehicles daily). The property features 26 parking spaces in a private lot, high 10-foot ceilings, an elevator, all new LED lighting, sprinklers, and 3-phase power. The building is currently generating a substantial net operating income (NOI) of $293,756 annually (pro forma 10.31 cap), with a total gross income of $413,200. Current tenants include a medical office (2nd floor, $264,000 annual income, lease expiring 3/1/29), a gynecologist (1st floor, $51,600 annual income, lease expiring 1/1/26 with two 5-year options), and a medical lab (1st floor, $28,800 annual income, currently available). Additionally, there is 2,800 square feet of available space on the first floor for lease. Annual expenses include electricity ($2,400), insurance ($12,000), maintenance and repairs ($10,000), dumpster service ($3,600), elevator maintenance ($1,200), and taxes ($90,244.65). The property's strong zoning, excellent signage, and proximity to major retailers such as Starbucks, Verizon, UPS, Stop & Shop, CVS, Walgreens, and many others, make it an ideal investment for developers, investors, or end-users seeking a high-return property in a prime location. The building's current income stream, combined with the potential for increased rental income from the available space, offers significant upside potential.