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948-958 Broadway 40,000 SF 100% Leased Retail Building Woodmere, NY 11598 $8,500,000 ($212.50/SF)
INVESTMENT HIGHLIGHTS
- Prime Location: Two combined parcels totaling .87 acres with 191 feet of frontage on Broadway in the bustling Five Towns area of Woodmere.
- Diverse Revenue Streams: Currently home to five thriving businesses, including two retail units, a cooking school, a state-of-the-art bowling alley, a
- Well-Maintained Property: Expertly maintained beam and block building with high ceilings, a full basement, and two dedicated parking lots, plus additi
- Established Landmark: This entertainment and retail center has been a successful and iconic location since 1948, offering a unique legacy opportunity.
- Development Potential: Ideal for investors and developers looking to harness the growth potential of this prime site or maintain its current successfu
- Flexibility: The bowling alley and nightclub can be negotiated or delivered vacant, providing flexibility for future development or business opportuni
EXECUTIVE SUMMARY
Investors, Developers and Dreamers! This is the unique opportunity you have been waiting for. Two parcels combined create .87 acres with 191 feet of frontage on Broadway in Woodmere. This Entertainment and Retail center has been a successful landmark location in Five Towns since 1948. Now is your chance to invest. Harness the growth potential of this prime development site, or take it over and be part of the legacy. Currently home to five businesses being two retail units, a cooking school, a state of the art bowling alley and busy nightclub. Expertly maintained beam and block building with high ceilings and full basement, two parking lots, municipal parking across street, public transportation on block. Bowling alley and nightclub can be negotiated or delivered vacant. Do Not contact or disturb any tenants, staff or patrons.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
40,000 SF
Building Class
B
Year Built
1948
Price
$8,500,000
Price Per SF
$212.50
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.98
Lot Size
0.94 AC
Zoning
X - Zone X
Frontage
48’ on Broadway Rd
AMENITIES
- Air Conditioning
Walk Score®
Very Walkable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2089-39-221-00-0221-0 | Improvements Assessment | $11,089 |
| Land Assessment | $5,983 | Total Assessment | $17,072 |
PROPERTY TAXES
Parcel Number
2089-39-221-00-0221-0
Land Assessment
$5,983
Improvements Assessment
$11,089
Total Assessment
$17,072
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948-958 Broadway
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