430 Plandome Rd - Movie Theatre FOR SALE


Manhasset, NY 11030
$3,600,000 USD
516-340-9696
430 Plandome Rd, Manhasset, NY for Sale
$3,600,000 USD
Movie Theatre - FOR SALE
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430 Plandome Rd
Manhasset, NY 11030


HIGHLIGHTS

  • Prime corner downtown building at a traffic light regulated intersection
  • New sewer line runs down Plandome Road allowing this property to connect.
  • Walking distance from the Manhasset LIRR Train Station
  • All tenancies are Month to Month enabling flexibility for a redevelopment plan
  • Within the building is a fully operational, two story movie theatre complete with a liquor license
  • Unbelievable demographics with $200,000+ Median income levels and 330,000 residents living in a 5 mile radius

OVERVIEW

This 2-story, multi-tenant retail building sits on the corner of Orchard Street. It is walking distance to the Long Island Railroad Manhasset Train Station. The building is currently being used as a fully operational movie theatre with three screens and a liquor license. The corner stores operate on a month to month basis as a real estate office and a coffee importing company. The upper theater has a door that walks out onto a roof deck facing Plandome Road. The right business could utilize the space creatively. Nearly 330,000 residents live within a 5 mile radius of the site. Median Household Income are nearly $200,000 per annum within a 1 mile radius of the site. The real estate office and adjoining business are on a month to month lease for easier redevelopment. The Town recently extended the sewer lines down Plandome Road allowing this property to connect!!! This would allow for larger tenanting options and re-development opportunities.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$308 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Clearview Cinemas

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Movie Theatre

ADD'L SUBTYPES

Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1936

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

Business A / Business B

APN/PARCEL ID

2289-03-071-00-0307-0

ASK ABOUT THIS PROPERTY

Clem CoteSovereign Realty GroupMore Info
516-340-9696

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Clem CoteSovereign Realty GroupMore Info
516-340-9696

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.