Available
Value-Add Hicksville Property For Sale With Great Upside Asking $2.3 Million
$2.400.000
Description
Retail Investment Property – Hicksville, NY | 7,200 Sq Ft | Value-Add Opportunity
An excellent opportunity for an end user or investor to acquire a retail property in the highly active Hicksville commercial market. The property offers a total of approximately 7,200 square feet and provides both existing income and significant upside through vacant space that can be leased or occupied by the new owner.
Property Overview
Total Building Size: Approximately 7,200 square feet
Current Tenants: Two established retail tenants
Vacant Space: Approximately 3,600 square feet
Annual Property Taxes: Approximately $49,000
Existing Tenants
Food Tenant
• Occupies approximately 1,800 sq. ft.
• Annual Rent: $38,400
• Tenant pays all utilities
• Tenant responsible for 25% of real estate tax increases
Nail Salon
• Occupies approximately 1,800 sq. ft.
• Annual Rent: $34,800
• Tenant pays all utilities
• Tenant responsible for 25% of real estate tax increases
Value-Add Opportunity
The remaining 3,600 square feet of vacant space provides a significant opportunity for an end user looking to occupy space or for an investor seeking to increase the property's rent roll and overall value.
Opportunity
Located in one of Long Island’s strongest retail corridors, this property offers a combination of existing rental income and substantial upside potential through leasing or owner occupancy.
Overview
Property ID:
12076
Type:
Any Business Type
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