Developing Dreams Realty USA
Listed by Developing Dreams Realty USA
$3,500,000
163-175 Nassau Road- Multi-Tenant Commercial
Details
APN 2089-55-413-00-0192/0191-0
Property Type Retail, Special Purpose
Sub Type Storefront, Religious/Church
Square Footage 8,533
Units 9
Occupancy 55%
Broker Co-Op Yes
Class B
Year Built 1937
Year Renovated 2016
Buildings 1
Stories 1
Lot Size (SqFt) 20,473
Zoning Commerial
Investment Type Value Add
Ground Lease No
Sale Condition Distressed
High-Upside Short Sale | Income Growth Opportunity
Marketing description
Value-add short sale opportunity at 175 Nassau Road in Roosevelt. This strip mall offers strong income potential with existing occupancy and additional upside through lease optimization and operational improvements.
Market rents are in place on occupied units, with the opportunity to further enhance cash flow and stabilize the asset. The property was renovated in 2016 and features on-site parking with 22 spaces, providing convenience for tenants and customers.
Located in a high-demand area with strong rental activity, the property benefits from excellent accessibility, near the Southern State Parkway and Meadowbrook State Parkway, and just 1.4 miles from the Freeport LIRR station and Sunrise Highway.
An excellent opportunity for investors seeking a well-located retail asset with long-term growth potential.
Investment highlights
Value-add short sale opportunity
Market rents in place on occupied units
Occupied with stabilization upside
Strong rental demand in the area
Opportunity to increase income through operational improvements
On-Site Parking with 22 Spaces
Property was Renovated in 2016
Close Proximity to the Southern State Pkwy, Meadowbrook State Pkwy, and the Heart of Roosevelt, NY
Located 1.4 Miles From the Freeport LIRR Train Station & Sunrise Hwy
Listing Contacts
Developing Dreams Realty USA
Listed by Developing Dreams Realty USA
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