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About This Home
This 0-bedroom, 0-bathroom commercial at 17 Maple Drive in Great Neck, NY is listed for $8,990,000. Built in 1971, on a 0.23 acres lot.
Ultra-prime 1031 exchange investment opportunity in the heart of Great Neck Plaza's busiest commercial corridor. Fully occupied mixed-use commercial building featuring 10 tenants (5 retail + 5 office) with strong, in-place cash flow. Current annual income exceeds $800,000, delivering a rare close to 7% cap rate in a core, transit-oriented downtown location.
The property offers long-term stability with significant upside potential. Located in the Business "B" District, which is undergoing zoning modernization encouraging mixed-use redevelopment, allowing for future value enhancement through reconfiguration or repositioning.
Steps from LIRR, surrounded by national and local retailers, restaurants, and essential services. Ideal for investors seeking immediate yield, capital preservation, and future redevelopment or income growth potential in one of Long Island's most established downtown markets.
Key Features
- Built in 1971
- 0.23 acre lot
Property Details
Amenities
Monthly Cost Estimate
$48,080/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
17 Maple Drive
Great Neck, NY 11021
Property Details
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 17 Maple Drive is listed at $8,990,000. The estimated monthly payment is $38,957 based on 20% down at 6.5% interest.
Key features include: Built in 1971, 0.23 acre lot.
This property is listed by Wenting Wang and can be reached at 9175474288 or bellaaa0520@gmail.com.