32-38 Atlantic Ave - Office FOR SALE


Lynbrook, NY 11563
$2,200,000 USD
516-279-8828
32-38 Atlantic Ave, Lynbrook, NY for Sale
$2,200,000 USD
Office - FOR SALE
1/35
null | Request Cap Rate

32-38 Atlantic Ave
Lynbrook, NY 11563


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!! 7 Unit 9,400+ Sqft. Retail Building On A 10,850 Sqft. Lot In Lynbrook For Sale!!!
  • The Building Features Excellent Signage, Great Exposure, Strong Zoning, 146 Parking Spaces, High 10’ Ceilings, Skylight, 200 Amp Power, CAC, +++!!!
  • The Property Is Located In The Heart Of Lynbrook On Busy Atlantic Ave. 1 Block From The Lynbrook LIRR Station & Just 1.5 Blocks From Sunrise Hwy.!!!
  • Neighbors Include Starbucks, Audi, Acura, Volkswagen, Northwell Health, Bethpage Federal Credit Union, Dunkin’, McDonald’s, Enterprise Rent-A-Car,++!!
  • The Deli Can Be Delivered Vacant If Need Be To Accommodate An Owner-User!!!
  • This Property Offers HUGE Upside Potential!!!

OVERVIEW

Calling All Investors, Developers & End-Users!!! 7 Unit 9,400+ Sqft. Retail Building On A 10,850 Sqft. Lot In Lynbrook For Sale!!! The Building Features Excellent Signage, Great Exposure, Strong Zoning, 146 Parking Spaces, High 10’ Ceilings, Long Term Tenants, All New LED Lighting, Skylight, 200 Amp Power, CAC+++!!! The Property Is Located In The Heart Of Lynbrook On Busy Atlantic Ave. Just 1 Block From The Lynbrook LIRR Station!!! The Property Is Situated In Between Sunrise Highway & Merrick Road!!! Neighbors Include Starbucks, Audi, Acura, Volkswagen, Northwell Health, Bethpage Federal Credit Union, Dunkin’, McDonald’s, Enterprise Rent-A-Car, Stand-Up MRI, Karako Suits, Cold Stone Creamery, Regal Cinemas, White Castle, IHOP, KFC, +++!!! This Property Has A Daily Traffic Count Of 4,900+ Vehicles Per Day!!! The Deli Can Be Delivered Vacant If Need Be To Accommodate An Owner-User!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Deli (3,000 Sqft.): $67,980 Ann.; 3% Ann. Inc.; Lease Exp.: 2026. Nail Salon (2,000 Sqft.): $44,496 Ann.; 3% Ann. Inc. Lease Exp.: 2026. Cooking School/Catering Facility (2,000 Sqft.): $32,136 Ann.; 3% Ann. Inc.; Lease Exp.: 2025. 2nd Floor: Suite 200 (1,500 Sqft.): $36,000 Ann.; M-M. Suite 201 (500 Sqft.): $12,000 Ann.; M-M. Suite 202 (Guidance Counselor, 600 Sqft.): $14,400 Ann.; M-M. Suite 203 (600 Sqft.): $14,400 Ann.; M-M. Expenses: Gas: $6,000 Ann. (Heat For The 2nd Floor) Electric: $6,000 Ann. Maintenance & Repairs: $5,500 Ann. Insurance: $12,000 Ann. Water: $1,000 Ann. (Tenants Pay Their Own Except Common Bathroom On 2nd Floor) Snow & Landscape: $600 Ann. Taxes: $69,789 Ann. Total Expenses: $100,889 Ann. Gross Income: $221,412 Ann. Net Operating Income (NOI): $120,523 Ann.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$233 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

32-38 Atlantic Ave., Lynbrook

PROPERTY TYPE

Office

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

146

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,851 SF

ZONING

Retail

APN/PARCEL ID

2025-38-521-00-0015-0

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.