List Search

5055 Northern Blvd
Glen Head, NY 11545

$3,800,000 USD

Service Station For Sale  •  5,000 SF

Property Details

  • Property Type Service Station
  • Total Building Size 5,000 SF
  • Lot Size 0.49 AC
  • Building Class B
  • Year Built 1960
  • Cap Rate 5.34 %
  • Zoning C
0 Transit Score
18 Walk Score

Description

On Almost Half An Acre Of Prime Property. This phenomenal opportunity to build a new Gas & Go Station.  Tremendous upside potential.  All gas storage tanks have been removed.  60,000+ cars pass this location daily.
Open up with a lucrative and profitable convenience or 7-Eleven-type setup in this location.  Add 12 charging stations for all those with electric cars, pay air pumps, and possibly a car wash/detailing business.  Could be a Medical facility.

All gas storage tanks have been removed.  
Wealthiest & Busiest Corner/Oyster Bay/Village of Brookville
The corner of Northern Blvd (Rd25A and Rt 1070/Hegeman Lane) features:
Freestanding location at "Main and Main" on the North Shore
Greatest wealth concentration of any site on the North Shore's "Gold Coast."
Average household income of $225,000+
Obvious billboard location
Heavy traffic signalized Intersection.
Unique monopoly because zoning prevents any new competitors within 2.5 miles 
Cross Street: Hegeman Ln. Directions: Northern Blvd., Corner of Hegeman Lane. 

ALSO FOR RENT contact broker, Phil Raices (516) 647-4289. Other gas stations are available.

Highlights

Approximately 80,000 cars daily
Call or Text Phil at (516) 829-2205 for more information today!

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $203,062 USD (2024)
Cap Rate: 5.34 %
Total Expenses: $36,938 USD

Amenities

  • Corner Lot

Public Transportation

Commuter RailDriveWalkDistance
Glen Head Station (Oyster Bay Branch - Long Island Rail Road) 4 min - 2.4 mi
Greenvale Station (Oyster Bay Branch - Long Island Rail Road) 5 min - 3.4 mi
AirportDriveWalkDistance
Laguardia 31 min - 19.7 mi
John F Kennedy International 33 min - 22.5 mi
Westchester County 60 min - 38.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 30
Type: Surface
Included in Rent: Yes
Phil Raices 516-829-2205 Turn Key Real Estate
Phil Raices 516-829-2205 Turn Key Real Estate