Ultra-prime 1031 exchange investment opportunity in the heart of Great Neck Plaza's busiest commercial corridor. Fully occupied mixed-use commercial building featuring 10 tenants (5 retail + 5 office) with strong, in-place cash flow. Current annual income exceeds $800,000, delivering a rare close to 7% cap rate in a core, transit-oriented downtown location.The property offers long-term stability with significant upside potential. Located in the Business 'B District, which is undergoing zoning modernization encouraging mixed-use redevelopment, allowing for future value enhancement through reconfiguration or repositioning. Steps from LIRR, surrounded by national and local retailers, restaurants, and essential services.Ideal for investors seeking immediate yield, capital preservation, and future redevelopment or income growth potential in one of Long Island's most established downtown markets.
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Listing By
Agency Name: B Square Realty
Agency Contact: 917-547-4288
Shown By
Agency Title: Laffey Real Estate
Agency Phone: 1-888-289-6902
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17 Maple Drive, Great Neck, NY 11021.
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17 Maple Drive, Great Neck, NY 11021.
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17 Maple Drive | MLS# 959080
This commercial property located at 17 Maple Drive, Great Neck, NY 11021 is currently listed for sale with an asking price of $8,990,000. Search Great Neck real estate on www.laffey.com today.