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575 MADISON AVENUE, NEW YORK, NY 10022. 212.891.7000 © 2025 DOUGLAS ELLIMAN REAL ESTATE. EQUAL EMPLOYMENT OPPORTUNITY PROVIDER. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS, AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.LISTING DATA REFRESHED ON MAY 23 2025 AT 1:37 PM.

DOUGLAS ELLIMAN IS A LICENSED REAL ESTATE BROKER IN CALIFORNIA WITH LICENSE # 01947727, COLORADO WITH LICENSE # EC100053892, CONNECTICUT WITH LICENSE # REB.0314827, THE DISTRICT OF COLUMBIA WITH LICENSE # REO40000160, FLORIDA WITH LICENSE # CQ1020232, MARYLAND WITH LICENSE # 645270, MASSACHUSETTS WITH LICENSE # 422764, NEVADA WITH LICENSE # 1454643, NEW JERSEY WITH LICENSE # 0572105, NEW YORK WITH LICENSE # 10991211812, TEXAS WITH LICENSE # 9008706, AND VIRGINIA WITH LICENSE # 0226035659.

POWERED BY PURLIN.AI

32-38 Atlantic Ave

lynbrook, NY 11563

$2,200,000

    INTERESTED? LET'S CONNECT

    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, All New LED Lighting, Skylight, 200 Amp Power, CAC+++!!! The Property Is Located In The Heart Of Lynbrook Centre On Busy Atlantic Ave. Just 1 Block From The Lynbrook LIRR Station!!! The Property Is Situated Midway 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 Investment Property Or 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: $100,289 Ann. Gross Income: $221,412 Ann.

    Details

    9,431 Sq Ft

    0.25 Private Acres Exterior Space

    Commercial

    $69,790 Annual Tax

    Built in 1956

    MLS/Listing ID L3580925

    7 Units

    Listing Courtesy of ALL ISLAND ESTATES REALTY CORP, RICHARD MATT SHANE - 516-279-8828

    ONEKEY

    Source of Data: ONEKEY MLS

    Interested in 32-38 Atlantic Ave?