For Sale
$1,200,000

542 Meadow Ave East Meadow, NY 11554

Three-unit retail building, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
127
Prime East Meadow, NY location, this mixed-use building at 542 E Meadow Ave offers a compelling investment opportunity. Built in 1957, this single-story structure sits on a 4,000 sq ft lot and comprises 2,288 sq ft of net rentable space, divided into three units currently boasting 100% occupancy. The property includes four parking spaces. While the current NOI is $0, a pro-forma NOI of $76,000 projects a 6.33% cap rate, representing significant potential for return on investment. Offered at $1,200,000, this property presents a rare chance to acquire a fully occupied, multi-tenant retail building in a desirable Nassau County location. The building will be delivered vacant at closing, providing flexibility for immediate use or redevelopment. This versatile property is ideal for investors seeking strong cash flow or developers envisioning future expansion or renovation. The property's prime location in East Meadow, NY (zip code 11554) ensures high visibility and accessibility. Don't miss this chance to acquire a valuable asset in a thriving market.

Highlights

  • $1,200,000 asking price for a mixed-use retail property in East Meadow, NY.
  • Three-unit, 2,288 square foot building on a 4,000 square foot lot.
  • 100% occupancy with a pro-forma NOI of $76,000 and a 6.33% pro-forma cap rate.
  • Built in 1957, featuring one building with four parking spaces.
  • Located at 542 E Meadow Ave, East Meadow, NY 11554.

Property Details for 542 Meadow Ave

Property type
Retail properties, Mixed-use properties
Square Feet
2,288 SF
Class
C
Year Built
1957
Buildings
1
Stories
1
Units
3

Location Insight

City
East Meadow
County
Nassau
State
New York
Latitude
40.7110927
Longitude
-73.5558667
542 Meadow Ave, East Meadow, New York

FAQs

What type of property is this?
Retail property - Three-unit retail building, high potential.
Where is the retail property located?
The property is located at 542 Meadow Ave East Meadow, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: $1,200,000 asking price for a mixed-use retail property in East Meadow, NY.; Three-unit, 2,288 square foot building on a 4,000 square foot lot.; 100% occupancy with a pro-forma NOI of $76,000 and a 6.33% pro-forma cap rate.
How can I contact the broker?
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542 Meadow Ave
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