Log In/Sign Up
Your email has been sent.
269-279 Burnside Ave 8,478 SF 100% Leased Retail Building Lawrence, NY 11559 $5,800,000 ($684.12/SF) 5.66% Cap Rate
Investment Highlights
- The Property is 100% occupied across five commercial units, providing immediate in-place cash flow from a diversified neighborhood retail rent roll.
- Located in Lawrence, the Property benefits from a dense surrounding residential base, strong local consumer demand, & limited competing retail supply.
- The tenant roster is anchored by food, personal care, and healthcare-related uses, creating a practical neighborhood retail destination.
- The Property generates durable in-place income while preserving future flexibility to renew, re-tenant, or mark select spaces to market over time.
Executive Summary
Cushman & Wakefield has been exclusively retained to arrange the sale of 269–279 Burnside Avenue, a fully occupied fivetenant retail strip located in Lawrence, New York, within the established Five Towns / Southern Nassau retail market.
The Property consists of approximately 8,748 square feet across five commercial units on an approximately 18,731-square-foot lot. 269–279 Burnside Avenue offers investors a clean opportunity to acquire stabilized neighborhood retail in a high-barrier Nassau County submarket with durable cash flow, service-oriented tenancy, and a manageable private-capital basis.
The Property consists of approximately 8,748 square feet across five commercial units on an approximately 18,731-square-foot lot. 269–279 Burnside Avenue offers investors a clean opportunity to acquire stabilized neighborhood retail in a high-barrier Nassau County submarket with durable cash flow, service-oriented tenancy, and a manageable private-capital basis.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,478 SF
Building Class
C
Year Built
1981
Price
$5,800,000
Price Per SF
$684.12
Cap Rate
5.66%
NOI
$328,000
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
Contacts
-
Daniel Abbondandolo -
Dylan Walsh -
Joegy Raju -
Charles Everett -
Victor Little -
Kieran Baker -
Lincoln Cioffi -
Cushman & Wakefield
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
269-279 Burnside Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.