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150 N Delaware Ave 2,212 SF 100% Leased Retail Building Lindenhurst, NY 11757 $1,299,106 CAD ($587.30 CAD/SF)

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Executive Summary

150 N Delaware Avenue offers a strong mixed-use investment with stable in-place income and clear upside through the repositioning of its ground-floor commercial component. The asset includes two fully rented residential units—a 2-bed/1-bath apartment on the second floor and a 2-bed/1.5-bath unit on the first floor—both occupied by reliable, long-term tenants who provide consistent cash flow and low operational friction. The street-level commercial storefront is currently vacant and represents the primary value-add opportunity. With a proven history of successful uses including a deli, a dog-grooming salon, and private office suites, the space demonstrates strong versatility across retail, service, and professional categories. Its dedicated commercial parking lot, combined with separate private parking for residential tenants, enhances tenant demand and supports stronger commercial rent potential. This configuration allows an investor to maintain steady residential income while capturing additional NOI growth through leasing, repositioning, or owner-user occupancy of the commercial space. The property’s layout, parking advantages, and mixed-use flexibility make it a compelling acquisition for investors seeking both stability and upside in a well-performing suburban market.