2644 Lincoln AveRoslyn Heights, NY 11577

For Sale
$6,500,000

Prime Location, High NOI, 7 Units

Overview

Added:
Dec 11, 2024
Days on market:
92
This single-story, 10,835 square foot retail strip center in Roslyn Heights, NY, is available for $6,500,000. Built in 1950 and renovated in 2019, the property boasts a 5.69% pro-forma cap rate and a $369,648 pro-forma NOI. Currently 78.1% occupied with seven tenants under net leases, the center features 245 feet of road frontage on Lincoln Avenue, providing excellent visibility. The property includes six on-site parking spaces and benefits from abundant street parking. Its prime location is adjacent to the Roslyn LIRR train station, Roslyn High School, and newly constructed residential apartments, surrounded by high-value homes. The 20,349 square foot lot is zoned Business B (B-B), offering a rare opportunity for owner-users in a densely populated area with superior demographics and high average daily traffic (18,125). This investment presents a compelling opportunity in a thriving North Shore Long Island market.

Highlights

  • Rare opportunity: 10,835 SF single-story retail strip center in Roslyn Heights, NY, ideal for owner-users. $6,500,000 asking price.
  • Prime Roslyn Heights location: High traffic area (18,125 AADT), adjacent to LIRR station and Roslyn High School.
  • Densely populated area: Situated near new residential apartments and high-value homes.
  • Excellent visibility: 245 feet of road frontage on Lincoln Avenue.
  • Superior demographics: North Shore Long Island location with high per capita income.
  • Ample parking: Six on-site spaces plus abundant street parking.

Property Details for 2644 Lincoln Ave

Property type
Lifestyle centers, Power centers
Square Feet
10,835 SF
Year Built/Renovated
1950/2019
Buildings
1
Stories
1
Units
7

Location Insight

City
Roslyn Heights
County
Nassau
State
New York
Latitude
40.79176744
Longitude
-73.64141183
2644 Lincoln Ave, Roslyn Heights, New York

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2644 Lincoln Ave
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