42 Orchard Street, Manhasset, NY

$1,399,000

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2,780

Square feet

About 42 Orchard Street

Prime opportunity in the heart of Manhasset’s bustling village center. This free-standing retail/commercial building offers approximately 2,780 square feet of interior space and sits on a generous 8,114 sqft lot, complete with parking for up to 20 vehicles—a rare find in this location. Strategically situated just minutes from the Long Island Rail Road and major thoroughfares, this high-visibility property offers strong daily traffic and convenient accessibility. The building is currently leased under a Triple Net (NNN) structure, providing $62,400 in annual net operating income—ideal for investors seeking stable, passive income in a sought-after North Shore market. Zoned for commercial use, the structure features natural gas heating with baseboard delivery. The building is being sold as-is, with upside potential for repositioning, redevelopment, or continued use as a retail asset. With long-standing retail presence and exceptional positioning within a dense, affluent consumer base, this is an excellent long-term asset for investors or end-users alike.

Features of 42 Orchard Street

MLS® # L3580253
Price $1,399,000
Bathrooms 0.00
Square Footage 2,780
Square Footage 8114
Acres 0.00
Year Built 1926
Type Commercial Sale
Sub-Type Retail
Status Pending

Community Information

Address 42 Orchard Street
City Manhasset
County Nassau County
State NY
Zip Code 11030

Amenities

Parking Spaces 18
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas, Baseboard
Fireplace No
Has Basement No

Additional Information

Date Listed September 20th, 2024
Days on Market 393
Zoning commercial
Short Sale No
RE / Bank Owned No

Listing Details

OfficeLAFFEY REAL ESTATE
Contact Info516-627-4343

Listing Map

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