32-38 Atlantic Ave
Lynbrook, NY 11563
32-38 Atlantic Ave., Lynbrook · Office Property For Sale

Calling All Investors, Developers & End-Users!!! 7 Unit 9,400+ Sqft. Retail Building On A 10,850 Sqft. Lot In Lynbrook For Sale!!! The Building Features Excellent Signage, Great Exposure, Strong Zoning, 146 Parking Spaces, High 10’ Ceilings, Long Term Tenants, All New LED Lighting, Skylight, 200 Amp Power, CAC+++!!! The Property Is Located In The Heart Of Lynbrook On Busy Atlantic Ave. Just 1 Block From The Lynbrook LIRR Station!!! The Property Is Situated In Between Sunrise Highway & Merrick Road!!! Neighbors Include Starbucks, Audi, Acura, Volkswagen, Northwell Health, Bethpage Federal Credit Union, Dunkin’, McDonald’s, Enterprise Rent-A-Car, Stand-Up MRI, Karako Suits, Cold Stone Creamery, Regal Cinemas, White Castle, IHOP, KFC, +++!!! This Property Has A Daily Traffic Count Of 4,900+ Vehicles Per Day!!! The Deli Can Be Delivered Vacant If Need Be To Accommodate An Owner-User!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Deli (3,000 Sqft.): $67,980 Ann.; 3% Ann. Inc.; Lease Exp.: 2026.
Nail Salon (2,000 Sqft.): $44,496 Ann.; 3% Ann. Inc. Lease Exp.: 2026.
Cooking School/Catering Facility (2,000 Sqft.): $32,136 Ann.; 3% Ann. Inc.; Lease Exp.: 2025.
2nd Floor:
Suite 200 (1,500 Sqft.): $36,000 Ann.; M-M.
Suite 201 (500 Sqft.): $12,000 Ann.; M-M.
Suite 202 (Guidance Counselor, 600 Sqft.): $14,400 Ann.; M-M.
Suite 203 (600 Sqft.): $14,400 Ann.; M-M.
Expenses:
Gas: $6,000 Ann. (Heat For The 2nd Floor)
Electric: $6,000 Ann.
Maintenance & Repairs: $5,500 Ann.
Insurance: $12,000 Ann.
Water: $1,000 Ann. (Tenants Pay Their Own Except Common Bathroom On 2nd Floor)
Snow & Landscape: $600 Ann.
Taxes: $69,789 Ann.
Total Expenses: $100,889 Ann.
Gross Income: $221,412 Ann.
Net Operating Income (NOI): $120,523 Ann.