542 Meadow AveEast Meadow, NY 11554
- Retail properties
- 2,288 SF
Property Details for 542 Meadow Ave
- Year built
- 1957
- Property size (Sq ft)
- 2,288 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
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.
Location Insight
- City
- East Meadow
- County
- Nassau
- State
- New York
- Latitude
- 40.7111
- Longitude
- -73.5559
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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