Overview
RIPCO Real Estate is exclusively handling the sale of 375-379 Sunrise Highway in Lynbrook, NY 11563. This two-story commercial building features ~15,241 square feet across 17 units (10 office, 7 retail) and includes on-site parking.
The property is home to a diverse mix of long-term tenants from various sectors, ensuring immediate income while presenting opportunities to enhance the tenant mix. Its prime location along a heavily traveled commercial corridor boasts approximately 275 feet of frontage and benefits from about 45,000 daily vehicle passers. Anchor tenants include Bank of America, Citibank, and Dunkin’ Donuts, making it a key commercial destination.
With office rents averaging $27/SF and retail rents averaging $33/SF—below projected market rates—there's significant upside potential for an incoming owner. Lynbrook’s status as a Long Island Rail Road commuter hub further supports tenant demand and rent growth.
For inquiries or to schedule a property tour, please contact the exclusive brokers.
Investment Highlights
First Sale in Over 40 Years
Owned by the same family for more than four decades, the property represents a rare opportunity to acquire a highly sought-after asset that has virtually never been available to the market.
High-Traffic Sunrise Highway Corridor | ~45,000 AADT | ~275 FT of Frontage
Located along one of Long Island’s busiest commercial corridors, the property features approximately 275 feet of frontage along Sunrise Highway and about 530 feet of total wrap-around frontage, benefiting from around 45,000 vehicles passing daily.
Mark-to-Market Rental Upside
With rents currently below market, the property presents a compelling opportunity for an investor to capture meaningful upside through lease rollover and repositioning the rent roll to market.
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