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Great Neck Retail Space for Sale
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FAQs about Retail Space for Sale in Great Neck
How many Retail Space listings are available for sale in Great Neck?
Currently, there are 4 Retail Space listings for sale near Great Neck, NY. LoopNet consistently updates its retail listings with the latest properties added on a regular basis.
How much is a Retail Space for sale in Great Neck?
The average price per square foot for Great Neck Retail Space for sale is about $626. The cost of retail space is generally influenced by its location, size, and condition. Prime locations and larger, well-maintained spaces are generally more expensive, with the highest price of retail space in Great Neck, NY going for $1,078/sqft.
What is the average size of Retail Space available for sale in Great Neck?
The average size of Retail Space available for sale in Great Neck, NY is approximately 10,500 SF. The largest Retail Space available for sale is 20,000 SF and the smallest is 2,500 SF.
Determining the size of retail space you'll need to buy depends on factors such as the type of business and space needed for services, number of employees, storage needs, etc.
Determining the size of retail space you'll need to buy depends on factors such as the type of business and space needed for services, number of employees, storage needs, etc.
What is the average cap rate for Retail Properties in Great Neck?
Cap rates for retail properties in Great Neck, NY typically range between 6.5% and 6.5%, with variations influenced by factors including tenant quality, lease terms, and property age. Read more about cap rates and other factors that influence them such as location, property type and market conditions.
What factors contribute to choosing the right Retail Space for sale in Great Neck?
Conduct the proper due diligence including these factors to find the right retail space to buy in Great Neck, NY:
- Location: Align with your target market and offer visibility
- Foot Traffic: Choose an area in Great Neck with high foot traffic, if possible
- Size and Layout: Size and layout should accommodate your needs
- Physical Condition and Maintenance: Factor in maintenance costs and potential renovation needs
- Zoning and Regulations: Ensure compliance with zoning regulations and permits for your intended use
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