Property photo 1
0 Baths
2,780 sqft

$1,399,000

42 Orchard Street, Manhasset NY, 11030

Price per sqft$503.24
Built in1926
Property size2,780 sqft
Property typeCommercial
Courtesy of LAFFEY REAL ESTATE, Mary A. Rohan Listing Contact: 516-627-4343

Overview

Sold

Listed Sep 20, 2024

Updated Aug 21

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.

Additional information

MLS® ID
L3580253

Interior Features

Bathrooms
0
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.19 Acres

Other Property Details

Taxes
$26,280
Tax Frequency
Annually

Listings courtesy of OneKey MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Elizabeth T. Lindenmeier shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 9:33 PM UTC on 8/21/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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