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True Value 147 Washington Ave 3,830 SF 50% Leased Retail Building Lawrence, NY 11559 $2,100,000 ($548.30/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Lots of Natural Light
- High ceilings
- Open plan
EXECUTIVE SUMMARY
The building with the highest visibility in Lawrence and Cedarhurst is now for sale. With two separate spaces (one of which is occupied by one of the area's most well-known restaurants), this building provides flexibility for business owners looking to grow while earning rent.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,830 SF
Building Class
C
Year Built
1975
Price
$2,100,000
Price Per SF
$548.30
Cap Rate
8%
NOI
$168,000
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.24 AC
Zoning
Business - Business Zone of the Village of Lawrence
Frontage
51’ on Washington Ave
AMENITIES
- Commuter Rail
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Carlos & Gabby
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- F3 Partners LLC
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Carlos & Gabby | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| F3 Partners LLC | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2023-41-096-00-0015-0 | Total Assessment | $6,509 (2025) |
| Land Assessment | $3,274 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $3,235 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2023-41-096-00-0015-0
Land Assessment
$3,274 (2025)
Improvements Assessment
$3,235 (2025)
Total Assessment
$6,509 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
CONTACT
-
Manny Raposo -
Happy Place
1 of 8
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True Value | 147 Washington Ave
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