Listed by B Square Realty
$8,990,000
Great Neck Prime Retail Investment | 7% Cap
Details
APN 2213-02-212-00-0162-0
Property Type Business for Sale, Office
Sub Type Business Only, Executive Office
Year Built 1971
Acreage 0.228
Business for Sale
Marketing description
Ultra-prime 1031 exchange investment opportunity in the heart of Great Neck Plaza’s busiest commercial corridor. Fully occupied mixed-use commercial building featuring 10 tenants (5 retail + 5 office) with strong, in-place cash flow. Current annual income exceeds $800,000, delivering a rare close to 7% cap rate in a core, transit-oriented downtown location.
The property offers long-term stability with significant upside potential. Located in the Business “B” District, which is undergoing zoning modernization encouraging mixed-use redevelopment, allowing for future value enhancement through reconfiguration or repositioning. Steps from LIRR, surrounded by national and local retailers, restaurants, and essential services.
Ideal for investors seeking immediate yield, capital preservation, and future redevelopment or income growth potential in one of Long Island’s most established downtown markets.
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Listed by B Square Realty
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