JPMorgan Chase Bank Sells Vacant Retail Property In Carle Place For $2.95M

JPMorgan Chase Bank has successfully sold a vacant free-standing bank branch located at 267 Old Country Road, Carle Place, NY. The property, measuring 3,901 square feet, is situated next to Roosevelt Field Mall in the Central Nassau market. The sale price for this retail asset was $2,950,000, resulting in a price per square foot of $756. The property offers a great opportunity for repositioning, with 275 feet of frontage on Old Country Road and immediate access to Meadowbrook State Parkway.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $2,950,000
• Date: 05/02/2022
• Address: 267 Old Country Rd.
• Market: Central Nassau

The buyer was represented by Nick Masson from SCG Retail. On the other hand, JPMorgan Chase Bank was represented by Daniel Abbondandolo and Joegy Raju from Cushman & Wakefield. The team successfully facilitated the sale of the property, which offers drive-thru access and great potential due to its strategic location.

Please note that additional information was shared by @CushWake, highlighting the role played by TEAMABBONDANDOLO in the successful disposition of the property.