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Ideal for Investor or Operator 89 Ruland Rd
2,300 SF Retail Building Melville, NY 11747 £789,478 (£343/SF) 7.31% Net Initial Yield
Investment Highlights
- Great Parking
- Current tenant has been there over 20 years
- Can be either an investment or owner occupied
Executive Summary
Rare opportunity to acquire a 1,850 SF freestanding building on a .34-acre lot with excellent parking (16 spaces). The property is currently home to a well-established deli, operated by the same tenant for over 25 years, with a history of deli operations dating back even further. The property also has a 350 SF basement.
The current deli tenant is on a month-to-month NNN, providing flexibility for both investors and owner-occupants. The current tenant is willing to sign a new lease, offering stable, long-term rental income for investors.
Low taxes enhance the property’s appeal, making it an opportunity as NNN investment or for an owner-user seeking a turnkey operation in a proven location.
Don’t miss this chance to own a versatile property with a strong history of success and an excellent parking layout.
The current deli tenant is on a month-to-month NNN, providing flexibility for both investors and owner-occupants. The current tenant is willing to sign a new lease, offering stable, long-term rental income for investors.
Low taxes enhance the property’s appeal, making it an opportunity as NNN investment or for an owner-user seeking a turnkey operation in a proven location.
Don’t miss this chance to own a versatile property with a strong history of success and an excellent parking layout.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,300 SF
Building Class
B
Year Built
1965
Price
£789,478
Price Per SF
£343
Net Initial Yield
7.31%
NOI
£57,711
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Lot Size
0.37 AC
Zoning
R40
Parking
16 Spaces (8.65 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0400-267-00-01-00-039-000 | Improvements Assessment | £1,202 |
| Land Assessment | £802 | Total Assessment | £2,004 |
PROPERTY TAXES
Parcel Number
0400-267-00-01-00-039-000
Land Assessment
£802
Improvements Assessment
£1,202
Total Assessment
£2,004
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Ideal for Investor or Operator | 89 Ruland Rd
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