8-18 Broadway - Storefront Retail/Office FOR SALE


Malverne, NY 11565
$1,599,000 USD
212-430-5196
8-18 Broadway, Malverne, NY for Sale
$1,599,000 USD
Storefront Retail/Office - FOR SALE
1/2
null | Request Cap Rate

8-18 Broadway
Malverne, NY 11565


HIGHLIGHTS

  • The well-located subject property rests on a 0.15-acre parcel with approximately 5,173 square feet of leasable area.
  • The property consists of six (6) storefronts and is 100% occupied.
  • Tenants are responsible for gas, heat, water ($25/Month besides unit #8 which is separately metered), and a portion of the taxes.

OVERVIEW

Marcus & Millichap is proud to present for sale 8-18 Broadway ("Subject property"), a retail strip center located in Malverne, NY. This vibrant portion of Broadway is traveled by over 15,000+ vehicles daily, with myriad nearby national retailers including Chase Bank, USPS, Webster Bank and much more. Area demand drivers include the Malvern LIRR Station and Malverne High School. The subject property is also located just south of the Southern Parkway. Malverne is an affluent, densely populated hamlet located in Southern Nassau County on Long Island. This offering represents a rare opportunity to acquire a cash flowing asset in a premier market. Additional information on this investment opportunity is available upon request.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$166 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Bar, Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

Commercial

APN/PARCEL ID

2027-37-212-00-0424-0

ASK ABOUT THIS PROPERTY

Michael TuccilloMarcus & MillichapMore Info
212-430-5196

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Michael TuccilloMarcus & MillichapMore Info
212-430-5196

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