Property Description

Prime commercial building with 3 RETAIL spaces, a large fenced-in LOT behind the building and a GARAGE. Highly visible on Broadway in Massapequa (Oyster Bay). This property extends all the way to Franklin Avenue. The front RETAIL structure is currently configured with THREE RETAIL storefronts. Ideal for an owner-user to occupy one of the Retail spaces while collecting rental income from the other Retail spaces in addition the back LOT and GARAGE can be source of income or repurposed for another use. The large fenced-in LOT in the rear, which can be used for parking, storage, outdoor display, contractor yard, or future development potential. This type of outdoor space is extremely rare on Broadway and adds significant value and flexibility for many types of businesses. Additionally, the property offers a potential for a residential building lot with Town approval. This property is ideal for Investors, Developers, or Owner-Users. This is a rare opportunity to own a versatile commercial property with income, land, and future development potential in a prime Massapequa location. Located .06 of a mile to Sunrise Highway with Traffic Count of 53,984. Located 1 mile to Southern State Parkway with a Traffic Count of 162,494. Walking distance to the Train (.22 of a mile). This property offers exceptional exposure with strong daily traffic counts, making it ideal for retail, office, development/residential or investment use. Custom built by the owner, FIRST time on the market! PUBLIC SEWER and PUBLIC WATER. Note: Addresses for RETAIL spaces are 561, 563 and 565 Broadway + LOT/GARAGE Broadway. All Tenants are Month to Month. Rental income: 561 - $23,520.00 563 - $31,468.00 565 - $ 35,005.00 (Salon)-now vacant LOT/Garage: $10,800. Income includes the hair salon through December 2025. No NNN charges ONLY tax increases.Owner has only increased the rent over the past 10 years to cover tax increases. Expenses 2025: Taxes $33,046.68 Insurance: $4790 Water: $330 Professional Fees: $850

Property Features