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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).
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
Building Size
7,160 SF
Building Class
C
Year Built
1955
Price
$4,200,000
Price Per SF
$586.59
Cap Rate
5.52%
NOI
$231,736
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
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 2489-48-522-00-0029-0 | Improvements Assessment | $4,563 |
| Land Assessment | $3,822 | Total Assessment | $8,385 |
Property Taxes
Parcel Number
2489-48-522-00-0029-0
Land Assessment
$3,822
Improvements Assessment
$4,563
Total Assessment
$8,385
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