For Sale
$699,999

847 Prospect Ave Westbury, NY 11590

Prime Westbury location, high-return potential.

Overview

Added:
Feb 3
Days on market:
78
This exceptional mixed-use property at 847 Prospect Avenue in Westbury, NY, presents a compelling investment opportunity. The building features an updated office space on the main level, a lower-level office area, and a separate residential unit at the rear, all situated on a private lot with ample parking. The property's versatility allows for owner-occupancy or continued rental income generation. Each unit benefits from separately metered electricity, with two gas meters—one for the residential unit and one for both office spaces, offering efficient utility management. Currently, the property is occupied by a residential tenant and a commercial tenant on month-to-month leases, providing immediate cash flow and flexibility. The substantial storage space within the residential unit adds to its appeal. The high-traffic location on Prospect Avenue ensures excellent visibility and accessibility. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable Westbury location. The flexible lease terms allow for immediate income and the potential to increase rental rates in the future. Don't miss this chance to secure a valuable asset with significant upside potential. The asking price is $699,999.

Property Details for 847 Prospect Ave

Property type
Mixed-use properties
Year Built
1922

Location Insight

City
Westbury
County
Nassau County
State
New York
Latitude
40.76231
Longitude
-73.56879

FAQs

What type of property is this?
Mixed-use property - Prime Westbury location, high-return potential.
Where is the mixed-use property located?
The property is located at 847 Prospect Ave Westbury, NY.
What is the asking price?
The asking price for this property is $699,999.
How can I contact the broker?
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847 Prospect Ave
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