45 Carmans RdMassapequa, NY 11758

Property Details for 45 Carmans Rd

Year built

2011

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.95 AC

Property size (Sq ft)

5,304 SF

Property type

Turn key restaurants

APN

53-023-00-0386

APU

53023000386

Description

This exceptional mixed-use property presents a rare opportunity to acquire a fully renovated, high-end freestanding restaurant building in the heart of Massapequa, NY. Situated on a sizable 0.95-acre lot, this 5,304 square foot building boasts 86 dedicated on-site parking spaces – a significant advantage in this bustling commercial area. The interior is meticulously finished and equipped for immediate operation, featuring a fully built-out liquor bar and a state-of-the-art kitchen complete with walk-in freezers. The building's prime location within a busy shopping zone ensures high visibility and foot traffic. Surrounding national retailers include Macy's, Chase Bank, Sears, and DICK'S Sporting Goods, creating a strong synergy and attracting a substantial customer base. This turnkey operation is ideal for an experienced restauranteur seeking a well-established presence in a thriving market. The property's size and amenities offer significant potential for growth and profitability, making it an attractive investment in a highly desirable location. The asking price is $3,588,000. This is a unique chance to own a successful, established restaurant in a prime commercial area with excellent visibility and ample parking.

• CAP approach

  CAP return

  Valuation

  6%

  $1,364,127

  6.5%

  $1,259,194

  7%

  $1,169,252

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,746,412

  Geo Method

  $1,746,412

• Alternative Use

  Use

  Valuation

  Residential

  $1,062,178

  Hospitality

  $972,949

  Educational

  $809,482

  Medical

  $837,321

  Retail

  $1,259,194

Location Insight

City

Massapequa

County

Nassau

State

New York

Latitude

40.6841

Longitude

-73.4301

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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