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Mixed-Use

987-989 Atlantic Avenue

987 Atlantic Ave, Baldwin, NY 11510

Listing Price: $3,600,000

Cap Rate
5.00%
Number of Suites
3
Gross SF
5,264
Rentable SF
5,264
Price/Gross SF
$683.89
Lot Size
0.45 acres
Year Built
2005

Investment Overview

Marcus & Millichap is proud to present for sale 987-989 Atlantic Avenue ("Subject property"), a mixed-use property located in Baldwin, NY.

The subject property rests on a 0.45-acre parcel with approximately +/- 5,264 square feet of space. This property is 100% occupied with Subway and Dunkin’ in the ground floor retail spaces and one commercial space on the second floor. Subway and Dunkin’ operate under NN leases. The subject property is ideally located near numerous national retailers like Stop & Shop, CVS Pharmacy, Chase Bank, 7 Eleven and much more.

The area demographics paint a picture of opportunity – over 157,000 people live within a three miles radius and an average household income over $149,00. Additional information is available upon request.

Investment Highlights

  • Highly visible corner parcel with approximately +/- 5,264 square feet of space on 0.45 acre lot.
  • 100% occupied with Subway and Dunkin' in the ground floor retail spaces and office space on the second floor.
  • Ample parking with 4.7 spaces per 1,000 square feet.

Exclusively Listed By

Financing By

Mixed-Use

987-989 Atlantic Avenue

Listing Price: $3,600,000

Cap Rate
5.00%
Number of Suites
3
Gross SF
5,264
Rentable SF
5,264
Price/Gross SF
$683.89
Lot Size
0.45 acres
Year Built
2005

Investment Highlights

  • Highly visible corner parcel with approximately +/- 5,264 square feet of space on 0.45 acre lot.
  • 100% occupied with Subway and Dunkin' in the ground floor retail spaces and office space on the second floor.
  • Ample parking with 4.7 spaces per 1,000 square feet.

Investment Overview

Marcus & Millichap is proud to present for sale 987-989 Atlantic Avenue ("Subject property"), a mixed-use property located in Baldwin, NY. The subject property rests on a 0.45-acre parcel with approximately +/- 5,264 square feet of space. This property is 100% occupied with Subway and Dunkin’ in the ground floor retail spaces and one commercial space on the second floor. Subway and Dunkin’ operate under NN leases. The subject property is ideally located near numerous national retailers like Stop & Shop, CVS Pharmacy, Chase Bank, 7 Eleven and much more. The area demographics paint a picture of opportunity – over 157,000 people live within a three miles radius and an average household income over $149,00. Additional information is available upon request.

Exclusively Listed By

Financing By

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