42 Orchard Street, Manhasset, NY 11030
- 2,780 sqft
Commercial Property
Built in 1926
8,276sqft lot
—— car garage
$503/sqft
Listed 10 months ago
Property Description
Prime opportunity in the heart of Manhasset’s bustling village center. This free-standing retail/commercial building offers approximately 2,780 square feet of interior space and sits on a generous 8,114 sqft lot, complete with parking for up to 20 vehicles—a rare find in this location. Strategically situated just minutes from the Long Island Rail Road and major thoroughfares, this high-visibility property offers strong daily traffic and convenient accessibility. The building is currently leased under a Triple Net (NNN) structure, providing $62,400 in annual net operating income—ideal for investors seeking stable, passive income in a sought-after North Shore market. Zoned for commercial use, the structure features natural gas heating with baseboard delivery. The building is being sold as-is, with upside potential for repositioning, redevelopment, or continued use as a retail asset. With long-standing retail presence and exceptional positioning within a dense, affluent consumer base, this is an excellent long-term asset for investors or end-users alike.
- Listing Status:
- Active
- Listing Office:
- LAFFEY REAL ESTATE : 516-627-4343
- MLS ID:
- L3580253

- Heating: Natural GasBaseboard
This listing courtesy of LAFFEY REAL ESTATE
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Munsey Park Elementary School
1 Hunt Ln, Manhasset, NY, 11030
Grades KG-6
0.94 miles away
Manhasset Middle School
200 Memorial Pl, Manhasset, NY, 11030
Grades 7-8
0.48 miles away
Manhasset Secondary School
200 Memorial Pl, Manhasset, NY, 11030
Grades 9-12
0.47 miles away