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$690,000
1031098 MLS
Prime corner commercial investment property for sale in one of Rosedale’s busiest retail corridors. Located next to McDonald’s, just minutes from Long Island and within walking distance to the Rosedale LIRR Station, this highly visible corner building benefits from strong pedestrian and vehicle traffic, excellent exposure, and a mature commercial environment. The property offers stable cash flow with an estimated 6%+ cap rate. Current rental income is approximately $3,900/month under a NNN lease. Annual property taxes are approximately $13,000, paid by the tenant, and the tenant also pays the water bill. The same tenant has occupied the property for approximately 19 years, with about one year remaining on the current lease and expected renewal. Property features include an approximate 19’ x 73’ building size on an approximate 24’ x 93’ lot, Zoning R2A, C1-3, natural gas, central HVAC, and no basement. Tenant currently operates a popular restaurant and bar with liquor license, featuring quality interior improvements, including professional soundproofing and vibration insulation. Owner pays approximately $4,700/year for insurance. Recent roof waterproofing has been completed, and owner responsibility is mainly limited to roof-related maintenance. An excellent opportunity for investors seeking a prime corner commercial asset with a long-term established tenant, NNN lease structure, stable income, and strong long-term upside. Buyer to verify all information independently.

24324 Merrick Boulevard, Rosedale
$899,000
998382 MLS
Introducing this rare corner commercial offering on S. Conduit Ave, strategically positioned in the heart of Springfield Gardens just minutes from JFK Airport. This 1,800 sq ft vacant commercial building sits on a prominent corner lot, with 2 large private parking spots and ample street parking. This location provides exceptional visibility, strong traffic exposure, and convenient access to major highways and transportation routes. This property presents a true value-add opportunity with multiple potential income streams. The existing structure features high 10' ceilings, 200 amp electrical service, central air conditioning, updated LED lighting, and a full basement, offering additional storage or expansion potential. The flexible layout allows for a wide range of uses including retail, office, medical, or service-oriented businesses. This building comes with a cell tower bringing in $24,000 annually, lease expires 2053. The corner positioning allows for excellent signage and branding opportunities, ideal for investors seeking repositioning opportunities or end-users looking to establish a presence in a prime, high-visibility location.

230-02 S Conduit Avenue, Springfield Gardens

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.