$1,399,000

42 Orchard Street, Manhasset, NY 11030

  • 2,780 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1926
  • Property Lot Size Icon8,276sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $503/sqft
  • Property List Date Icon 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

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Munsey Park Elementary School

1 Hunt Ln, Manhasset, NY, 11030

Grades KG-6

0.94 miles away

M

Manhasset Middle School

200 Memorial Pl, Manhasset, NY, 11030

Grades 7-8

0.48 miles away

M

Manhasset Secondary School

200 Memorial Pl, Manhasset, NY, 11030

Grades 9-12

0.47 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.