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 |
| Acres | 0.00 |
| Year Built | 1926 |
| Type | Commercial |
| Sub-Type | Retail |
| Status | Pending |
Community Information
| Address | 42 Orchard Street |
|---|---|
| City | Manhasset |
| County | Nassau County |
| State | NY |
| Zip Code | 11030 |
Additional Information
Listing Details
| Office | LAFFEY REAL ESTATE |
|---|---|
| Office Contact | 516-627-4343 |