2255 Centre AveBellmore, NY 11710

For Sale
$1,868,323

Prime location, two-tenant office, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 5,440 square foot, two-tenant office building located at 2255 Centre Ave, Bellmore, NY 11710. The property boasts a desirable location directly across from the Bellmore Long Island Rail Road (LIRR) train station, offering convenient access for commuters. Built in 1970 and extensively renovated in 2019, the building is currently leased to Lerner Solutions and Intelitalk MBW, LLC under a Net Net + (NN+) lease structure. The property features a strong Net Operating Income (NOI) of $121,441, resulting in an attractive 6.50% capitalization rate. The asking price is $1,868,323. Situated on a 0.14-acre lot at a signalized intersection, the building offers excellent visibility and accessibility to Sunrise Highway. This multi-tenant property presents a compelling investment opportunity with a proven track record and strong potential for future growth. The building's recent renovation ensures modern amenities and functionality, while its prime location guarantees high tenant demand. This is an ideal investment for those seeking a stable, high-yielding asset in a thriving Long Island market.

Highlights

  • $1,868,323 asking price, offering a 6.50% cap rate and $121,441 NOI.
  • 5,440 square foot, multi-tenant office building with two tenants: Lerner Solutions and Intelitalk MBW, LLC.
  • Located at 2255 Centre Ave, Bellmore, NY 11710, on a 0.14-acre lot.
  • Recently renovated in 2019, originally built in 1970.
  • Excellent location directly across from the Bellmore LIRR train station and at a signalized intersection with easy access to Sunrise Highway.

Property Details for 2255 Centre Ave

Property type
Other office properties, Office properties
Square Feet
5,440 SF
Year Built/Renovated
1970/2019
Lot Size (sq. ft)
6,098 SF

Location Insight

City
Bellmore
County
Nassau
State
New York
Latitude
40.667467
Longitude
-73.5303672
2255 Centre Ave, Bellmore, New York

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2255 Centre Ave
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