For Sale
$1,300,000

870 Nassau Rd Uniondale, NY 11553

High-potential deli & apartment building

Overview

Added:
Feb 3
Days on market:
79
This exceptional mixed-use property, located at 870 Nassau Road in Uniondale, NY, presents a compelling investment opportunity. The building boasts a substantial 5,980 square feet situated on a 0.14-acre lot, offering ample parking. A key feature is the currently leased deli, secured by a five-year lease, providing immediate and consistent rental income. Above the deli, a spacious three-bedroom, one-bathroom apartment occupies the second floor, complete with abundant storage space. This apartment also generates rental income, adding to the property's overall value. The property's prime location in Uniondale offers easy access to major roadways like the parkway, as well as nearby schools and shopping centers, enhancing its appeal to both tenants and potential buyers. The large parking lot presents significant development potential, allowing for future expansion or diversification of income streams. This property is ideally suited for an investor seeking a strong return on investment with a stable, existing income stream and significant upside potential. The current rental income provides a solid foundation, while the expansive parking lot and desirable location offer opportunities for future growth and increased profitability. This is a rare opportunity to acquire a well-situated mixed-use property with immediate cash flow and long-term growth prospects. The asking price is $1,300,000.

Property Details for 870 Nassau Rd

Property type
Mixed-use properties
Square Feet
5,980 SF
Year Built
1924
Lot Size (sq. ft)
6,098 SF

Location Insight

City
Uniondale
County
Nassau County
State
New York
Latitude
40.6897
Longitude
-73.59783

FAQs

What type of property is this?
Mixed-use property - High-potential deli & apartment building
Where is the mixed-use property located?
The property is located at 870 Nassau Rd Uniondale, NY.
What is the asking price?
The asking price for this property is $1,300,000.
How can I contact the broker?
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870 Nassau Rd
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