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542 East Meadow Avenue

$1,200,000

542 East Meadow Avenue, East Meadow, NY 11554

Active
Last Updated: 01/22/2025

802429

MlsNumber

 
Details:
MlsNumber:    802429
Highlights:
  • Annual Tax: $ 18196.0
  • Appliances: Washer
  • Basement: Walk-out
  • Exterior Description: Brick
  • Heating Fuel Type: Oil
  • Sewer: Public
  • Water: City Water
Description:

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.

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