Listing Provided by Coldwell Banker American Homes
542 East Meadow Avenue,
East Meadow, NY 11554
$1,200,000
Prime Mixed-Use Property for Sale: Great Location & Strong Rental Potential Located on the highly trafficked East Meadow Avenue, this property offers 2 spacious 12 x 22 storefronts and a 2-bedroom, 2-bath residential unit in a busy retail corridor. With ample parking—including a 3-car driveway, 1-car garage, and free parking in front—this property is ideal for businesses and tenants. Renovated in 2018, it features a modern kitchen, updated baths, and a finished basement with outside entrance (OSE), plus a large backyard. The annual rental revenue potential is approx. $91,000+. Additionally, permits are in place for a second-floor expansion, providing opportunities for further growth. This versatile property is perfect for investors or business owners looking for income and expansion potential.
Features of 542 East Meadow Avenue
MLS# | 802429 |
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Price | $1,200,000 |
Total Taxes | $18,196 |
Bathrooms | |
Square Footage | 4,000 |
Acres | 0.00 |
Type | Commercial |
Sub-Type | Retail |
Status | Active |
Community Information
Address | 542 East Meadow Avenue |
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City | East Meadow |
County | Nassau County |
State | NY |
Zip Code | 11554 |
Amenities
Utilities | None |
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Is Waterfront | No |
Has Pool | No |
Interior
Appliances | Dryer, Electric Oven, Electric Range, Refrigerator, Washer, Oil Water Heater |
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Heating | Oil |
Cooling | Electric |
Fireplace | No |
# of Stories | 1 |
Has Basement | Yes |
Basement | Finished, Walk-Out Access |
Exterior
Construction | Brick |
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Additional Information
Listing Provided Courtesy of: Coldwell Banker American Homes; 516-302-8500
Date Listed | December 5th, 2024 |
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Days on Market | 73 |
Short Sale | No |
RE / Bank Owned | Yes |
Offer is made only to participants of the MLS where the listing is filed.