Lynbrook Redevelopment Opportunity

Asset Type

Retail

Address
15 Atlantic Ave Lynbrook, NY United States 11563-3007
Asking Price

Contact for pricing

Sq Footage

15,260

Year Built

1955

Cap Rate

N/A

Additional Attributes

Property Description

Jones Lang LaSalle is pleased to offer for sale a three-story (plus basement) 15,260 square foot commercial property currently occupied by a bank branch and located in the commercial center of Lynbrook, New York. The Property is less than two blocks from the Long Island Railroad Lynbrook station (Babylon and Long Beach branches) and is optimally positioned among many local and national retailers just off the Atlantic Avenue?s intersection with Merrick Road. This offering presents the opportunity for an owner/user to buy and occupy the building, or to capitalize on a value-add investment strategy through lease-up and exit.

Investment Highlights

  • Value-Add Investment with High Upside Potential
  • Prime Positioning on Commercial Corridor
  • Strong local Retail and Office Submarket with minimal vacancy
  • Over 200,000 residents within 3-mile radius
Listing Contacts
Peter Furest
Peter Furest
SVP, Capital Markets
+65 3159 4021
NY - 10401232530
Thomas Beneville
Managing Director, Captl Mkts
+65 3159 4021
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