Nassau Office/Retail Mixed-Use with Value-Add 607 Sunrise Hwy

607 Sunrise Highway presents investors and owners/users with an incredible value-add at the center of it all. The impressive 6,036-square-foot building spans two stories with an additional basement. Perched on a 0.23-acre lot, the property has 12 parking spaces and ample street parking. Built in 1966 and meticulously maintained over the years by ownership, the asset is in excellent condition. Presently, the sellers have a furniture business on the first floor, which will be delivered vacant at the time of sale. Because of the broad on-site zoning, buyers can continue to use this space for retail or utilize it for office or other uses. Upstairs there are three total offices. Two of the offices are currently occupied by one tenant, allowing for additional income potential for the third. Buyers have several avenues to go down once this property is in their possession. New owners can lease out the property at market rates or alternatively use it for their own business.

The Southeast Nassau Retail Submarket is an excellent place for business and investment. The Southeast Nassau retail submarket contains roughly 8.3 million square feet of inventory. Rents have changed by 1.6% year-over-year in Southeast Nassau, compared to 1.6% across Long Island as a whole. The office submarket is also well-performing, with a low vacancy of 2.3%. The Southeast Nassau office submarket has roughly 78,000 square feet of space listed as available for an availability rate of 4.3%. As of the fourth quarter of 2024, no office space is under construction in Southeast Nassau. Rents have changed by 3.6% year-over-year in Southeast Nassau, compared to 2.1% metro-wide.

Long Island is economically vibrant, combining two counties with large populations and robust local economies into a single prosperous metropolitan area. As of 2022, Long Island accounts for almost 12% of New York State's GDP, trailing only New York City's contribution. Long Island's population is approaching 3 million. Many residents commute to New York City for work, while small businesses comprise almost 90% of the island's business establishments. The metro's workforce is well-educated, as around 45% of adults aged 25-plus have a college degree. Long Island is an affluent metro. As of Q3 2024, the median household income was $136,500, 75% above the national average of $77,100. Single-family homes comprise most of the housing stock here, as apartments represent just 8% and 4% of housing units in Nassau County and Suffolk County, respectively.

607 Sunrise Highway is positioned strategically with quick accessibility. Sunrise Highway is a major area roadway leading to John F Kennedy International Airport to the west and the Hamptons/Montauk to the east. The town of Bellore is highly populated but has a quaint, small-town feel. There are many conveniences nearby, including shops, restaurants, and businesses. The property is also situated close to the Bellmore Train Station, which connects Manhattan, Brooklyn, and Queens.

Discover 607 Sunrise Highway, the perfect value-add opportunity with excellent connectivity and endless potential.

Property tours are available by appointment only. Please contact the listing broker to schedule.