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1 Park Ln
Massapequa, NY 11758

Park Lane Retail Strip · Retail Property For Sale

Investment Highlights

  • ONE-STORY MASONRY BUILDING - 6 Stores (100% OCCUPIED!)
  • Corner of Park Lane and Front Street, 300 ft from Sunrise Highway (27)

Executive Summary

ONE-STORY MASONRY BUILDING - 6 Stores
Corner of Park Lane and Front Street, 300 ft from Sunrise Highway (27)
100% occupied (11/22/24).

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,160 SF
Building Class
C
Year Built
1969
Price
$3,750,000
Price Per SF
$524
Cap Rate
5.96%
NOI
$223,446
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.46
Lot Size
0.36 AC
Parking
13 Spaces (1.82 Spaces per 1,000 SF Leased)
Frontage
110 FT on Park Lane

Amenities

  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2489-48-522-00-0029-0
Land Assessment
$3,822
Improvements Assessment
$4,563
Total Assessment
$8,385
  • Listing ID: 8173305

  • Date on Market: 3/18/2015

  • Last Updated:

  • Address: 1 Park Ln, Massapequa, NY 11758

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