635 Jerusalem AveUniondale, NY 11553

Property Details for 635 Jerusalem Ave

Year built

1948

Lot size

0.10 AC

Property size (Sq ft)

3,612 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

34-281-00-0081

APU

34281000081

Description

This 4,764 square foot vacant storefront, located at 635 Jerusalem Ave in Uniondale, NY 11553, presents a compelling investment opportunity. The property boasts a desirable location on a major thoroughfare, ensuring high visibility and accessibility. Built in 1948, this single-story building sits on a 10,000 square foot lot and features a 14' high ceiling, a loading dock, and drive-in access, enhancing operational efficiency. Ample parking is available with 14 designated spots. The property's wide frontage further maximizes its visibility and appeal. The asking price is $1,650,000, translating to $346.35 per square foot. This retail space is ideally suited for a variety of businesses, benefiting from its proximity to established national and local businesses including Walgreens, 7-Eleven, Subway, C-Town Supermarket, McDonald's, Dunkin' Donuts, Starbucks, Claudy's Beauty Supply, MoneyGram, Tropical Jerk Center & Seafood, Flako Taco, and Citi Bank. The property is currently vacant, offering immediate occupancy for a new tenant. The lease type is gross, simplifying operational costs for the tenant. This is a single-tenancy building, providing a straightforward investment opportunity. This prime location and versatile space make this property an excellent investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $740,493

  6.5%

  $683,532

  7%

  $634,708

• Comparable approach

  Method

  Valuation

  Relative Method

  $731,513

  Geo Method

  $731,513

• Alternative Use

  Use

  Valuation

  Residential

  $683,532

  Hospitality

  $626,111

  Educational

  $520,917

  Medical

  $538,832

  Retail

  $810,316

Location Insight

City

Uniondale

County

Nassau

State

New York

Latitude

40.7009

Longitude

-73.5938

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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