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.

Listing courtesy of B Square Realty bellaaa0520@gmail.com


Based on information submitted to the MLS GRID as of 2026-02-24 06:22 PM EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.