4305 Austin BlvdIsland Park, NY 11558

Property Details for 4305 Austin Blvd

Year built

1948

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.18 AC

Property size (Sq ft)

1,320 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

43-060-00-0032

APU

43060000032

Description

This exceptional Island Park, NY retail property at 4305 Austin Blvd presents a lucrative investment opportunity. The 1,320 square foot building, constructed in 1948, sits on an 8,000 square foot lot and operates as a successful 24/7 convenience store and gas station. The property boasts excellent condition pumps and tanks, consistently generating high sales volume for both fuel and retail merchandise. Current licenses include beer, wine, and lottery sales, further enhancing profitability. This turnkey operation includes both the commercial real estate and the established business, offering immediate income potential. The single-story building is located in a busy area of Nassau County, NY, zip code 11558, ensuring high visibility and consistent customer traffic. This is a rare chance to acquire a well-established, high-performing retail business with significant growth potential. The asking price is $3,250,000. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $320,806

  6.5%

  $296,129

  7%

  $274,977

• Comparable approach

  Method

  Valuation

  Relative Method

  $434,627

  Geo Method

  $434,627

• Alternative Use

  Use

  Valuation

  Residential

  $249,796

  Hospitality

  $228,811

  Educational

  $190,368

  Medical

  $196,916

  Retail

  $296,129

Location Insight

City

Island Park

County

Nassau

State

New York

Latitude

40.6044

Longitude

-73.65

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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