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$ 1,299,000
Est. payment | /mo
4,120 Sqft Lot
$ 1,299,000
Est. payment | /mo
4,120 Sqft Lot
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 941472
Rental Info No
Year Built 1938
Annual Tax Amount $17,252
Lot Size 4,120 Sqft
Acres 0.0946
Property Sub-Type Other
Source onekey2
Property Description
Premier Development Opportunity in Valley Stream's Core Commercial District.
This property represents an exceptional acquisition in one of Valley Stream's highest-demand, highest-visibility business corridors. For the discerning developer, it offers a rare, turnkey opportunity to capture significant vertical expansion potential while benefiting from immediate, diversified cash flow.
Preliminary architectural assessments confirm the feasibility of expanding the existing structure upward by up to three full stories. This transforms the asset from a single-story operation into a high-density, mixed-use development opportunity—substantially increasing both commercial and residential square footage in a market where demand consistently exceeds supply. The result is a strong pathway to maximize return on investment (ROI) through strategic redevelopment.
The property already provides financial stability through multiple income streams. Currently, it includes two street-facing retail units and a well-maintained residential apartment. The print shop with the basement space lease expires at the end of December, giving you immediate leverage to renew at market rate or reserve the space for accelerated redevelopment staging. Additionally, the barbershop unit is currently vacant, offering either a quick-lease income opportunity or a ready staging area for construction mobilization. Completing the revenue profile is a dependable 2-bedroom, 2-bath residential unit with a fenced backyard—ensuring stable rental income as you advance your development plans.
This property represents an exceptional acquisition in one of Valley Stream's highest-demand, highest-visibility business corridors. For the discerning developer, it offers a rare, turnkey opportunity to capture significant vertical expansion potential while benefiting from immediate, diversified cash flow.
Preliminary architectural assessments confirm the feasibility of expanding the existing structure upward by up to three full stories. This transforms the asset from a single-story operation into a high-density, mixed-use development opportunity—substantially increasing both commercial and residential square footage in a market where demand consistently exceeds supply. The result is a strong pathway to maximize return on investment (ROI) through strategic redevelopment.
The property already provides financial stability through multiple income streams. Currently, it includes two street-facing retail units and a well-maintained residential apartment. The print shop with the basement space lease expires at the end of December, giving you immediate leverage to renew at market rate or reserve the space for accelerated redevelopment staging. Additionally, the barbershop unit is currently vacant, offering either a quick-lease income opportunity or a ready staging area for construction mobilization. Completing the revenue profile is a dependable 2-bedroom, 2-bath residential unit with a fenced backyard—ensuring stable rental income as you advance your development plans.
Location
State NY
County Nassau County
Rooms
Basement Unfinished
Interior
Heating Natural Gas
Cooling Multi Units, Wall/Window Unit(s)
Fireplace No
Exterior
Fence Back Yard
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Underground Utilities, Water Connected
Total Parking Spaces 1
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Brick,Shingle Siding
Others
Special Listing Condition None
Listed by Coldwell Banker American Homes • Thomas Song