831 Sunrise HwyLynbrook, NY 11563

Property Details for 831 Sunrise Hwy

Lot size

0.38 AC

Property size (Sq ft)

12,000 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

42-139-00-0059

APU

42139000059

Description

This exceptional retail property, located at 831 Sunrise Highway in Lynbrook, New York, offers a total of 29,194 square feet of space across two suites. The property boasts excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. Currently, the entire 29,194 square feet is vacant, presenting a unique opportunity for a single tenant to occupy the entire building or for two tenants to occupy separate spaces. Flexible space options are available, with a minimum divisible space of 11,114 square feet and a maximum contiguous space of 18,080 square feet. One space is on grade, while another offers 11,114 square feet in the basement, ideal for uses such as automobile storage, featuring 12-foot ceilings. Ample parking is provided with 58 spaces available for customers and employees. The property is situated in Nassau County, New York, with a convenient location and easy access to major transportation routes. This prime retail location in Lynbrook, NY (zip code 11563) offers a rare opportunity to establish a thriving business in a high-traffic area. The property's size and layout provide versatility for a wide range of retail concepts. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,460,108

  6.5%

  $2,270,869

  7%

  $2,108,664

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,430,276

  Geo Method

  $2,430,276

• Alternative Use

  Use

  Valuation

  Residential

  $2,270,869

  Hospitality

  $2,080,104

  Educational

  $1,730,622

  Medical

  $1,790,141

  Retail

  $2,692,079

Location Insight

City

Lynbrook

County

Nassau

State

New York

Latitude

40.6564

Longitude

-73.6833

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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