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542 East Meadow Avenue East Meadow, NY 11554
$1,300,000
  • Commercial
  • FORECLOSURE
  • Retail
  • ML# 802429

Property Details

Overview

Prime Mixed-Use Property for Sale: Great Location & Strong Rental PotentialLocated 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.

Key Facts

  • Taxes: $18,196
  • Sale or Rent: Sale
  • Foreclose: Yes
  • Block: 160
  • Lot: 0048

Additional Features

  • Construction Materials: Brick
  • Stories: 1

Interior & Utilities

  • Heat: Oil
  • A/C: Electric
  • Water: Public
  • Sewer: Public Sewer

Financial

  • Taxes: $18,196
Listing Information provided courtesy of Coldwell Banker American Homes  516-302-8500
OneKey™ MLSThe source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS