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269-279 Burnside Ave 8,478 SF 100% Leased Retail Building Lawrence, NY 11559 $6,360,000 ($750.18/SF) 5.50% Cap Rate
Investment Highlights
- Positioned on a highly visible corner along Burnside Avenue with over 100 feet of street frontage, ensuring strong exposure for tenants.
- Located within the vibrant Five Towns market, surrounded by dense residential communities and prominent national retailers such as Starbucks, Chase.
- Convenient on-site parking with capacity for approximately 24 vehicles, making it accessible for customers and staff alike.
- Fully leased retail strip center with five stabilized units, delivering reliable income and long-term tenancy averaging more than eight years.
Executive Summary
Prime retail investment opportunity at 269–279 Burnside Avenue in Lawrence, NY, featuring approximately 8,596 square feet of commercial space. This well-located strip center offers strong visibility, on-site parking, and stable tenants, providing consistent cash flow in a highly desirable Five Towns market.
Section/Block/Lot: 40/21/1-6 & 117
Lot size: 115’ x 150’
Lot SF: 19,166 SF
Built Size: 120’ x 70’
Building SF: 8,596 SF
Tax: $53,842.61
Insurance: $13,100
Section/Block/Lot: 40/21/1-6 & 117
Lot size: 115’ x 150’
Lot SF: 19,166 SF
Built Size: 120’ x 70’
Building SF: 8,596 SF
Tax: $53,842.61
Insurance: $13,100
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,478 SF
Building Class
C
Year Built
1981
Price
$6,360,000
Price Per SF
$750.18
Cap Rate
5.50%
NOI
$350,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.45
Lot Size
0.43 AC
Parking
24 Spaces (2.83 Spaces per 1,000 SF Leased)
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2089-40-021-00-0001-0 | Improvements Assessment | $10,152 |
| Land Assessment | $5,303 | Total Assessment | $15,455 |
Property Taxes
Parcel Number
2089-40-021-00-0001-0
Land Assessment
$5,303
Improvements Assessment
$10,152
Total Assessment
$15,455
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