148 Union AveLynbrook, NY 11563

Property Details for 148 Union Ave

Property type

Other retail properties

Property subtype

Retail properties

Description

This exceptional retail opportunity in Lynbrook, NY, presents a substantial income-generating property at an attractive asking price of $350,000. The property, located at 148 Union Ave, boasts a spacious layout encompassing 2,200 square feet on the first floor and an additional 2,200 square feet in the basement, providing ample room for operations and storage. The store has recently undergone renovations, enhancing its appeal and functionality. Currently operating as a successful retail business, it generates a substantial gross profit of $245,700 and a net operating income (NOI) of $169,600. The business holds all necessary licenses for the sale of lottery tickets, cigarettes, and beer. The monthly rent is $3,500, with lease terms open to negotiation. This presents a unique chance to acquire a well-established, high-performing retail space with significant upside potential. The asking price does not include the existing inventory. This is an ideal investment for savvy entrepreneurs seeking a turnkey operation with proven profitability and substantial growth opportunities. The property's prime location in Lynbrook ensures high visibility and accessibility, further enhancing its investment appeal. Serious inquiries are encouraged.

Location Insight

City

Lynbrook

County

Nassau

State

New York

Latitude

40.6496

Longitude

-73.6755

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