For Sale
$350,000

148 Union Ave Lynbrook, NY 11563

Profitable Convenience Store, Great Potential

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional Lynbrook, NY commercial property presents a lucrative investment opportunity. Located at 148 Union Avenue, 11563, this established convenience store boasts a substantial 4400 square feet of space, encompassing a 2200 sq ft first floor and an equally sized basement. Recently renovated, the store is equipped to sell lottery tickets, cigarettes, and beer, holding all necessary licenses. The current monthly rent stands at $3500, with a lease term open to negotiation. Financial performance is impressive, showcasing a gross profit of $245,700 and a net operating income (NOI) of $169,600. The asking price of $350,000 excludes inventory. This prime location in Nassau County offers significant growth potential for a savvy investor seeking a high-return commercial venture. The property is classified as Special Purpose Land and is zoned for commercial use. This is a turnkey operation ready for immediate income generation. Serious inquiries only.

Highlights

  • $350,000 asking price.
  • Special purpose commercial land property.
  • Located at 148 Union Avenue, Lynbrook, NY 11563.
  • Includes a large, recently renovated convenience store with lotto, cigarette, and beer sales licenses.
  • Generates $245,700 gross profit and $169,600 net operating income (NOI).
  • Features 2,200 sq ft on the first floor and a 2,200 sq ft basement.

Property Details for 148 Union Ave

Property type
Specialty properties, Land

Location Insight

City
Lynbrook
County
Nassau
State
New York
Latitude
40.6496882
Longitude
-73.6755619

FAQs

What type of property is this?
Specialty property - Profitable Convenience Store, Great Potential
Where is the specialty property located?
The property is located at 148 Union Ave Lynbrook, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: $350,000 asking price.; Special purpose commercial land property.; Located at 148 Union Avenue, Lynbrook, NY 11563.
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148 Union Ave
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