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$ 1,880,000
Est. payment | /mo
6,777 Sqft Lot
$ 1,880,000
Est. payment | /mo
6,777 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 887381
Rental Info No
Year Built 1960
Annual Tax Amount $19,769
Lot Size 6,777 Sqft
Acres 0.1556
Property Sub-Type Mixed Use
Source onekey2
Property Description
Prime investment opportunity on highly visible Jericho Turnpike in the heart of New Hyde Park. This freestanding commercial building features two well-maintained retail storefronts, both occupied by long-standing, reliable tenants with stable tenancy histories. The property currently produces $9,938/month in rental income, with leases that include scheduled 3% annual rent increases—ensuring steady growth. Tenants are responsible for all utility expenses, creating a low-maintenance, high-efficiency investment. The site benefits from excellent foot and vehicle traffic and is located directly across from a major shopping plaza, adding to its strong commercial presence. With low property taxes ($19,769/year) and a current 5.1% cap rate, this asset is ideal for 1031 exchange buyers or investors seeking consistent cash flow in a high-demand Nassau County location. Convenient access to LIRR, major highways, bus lines, and surrounding residential neighborhoods adds further value to this exceptional offering.
Location
State NY
County Nassau County
Interior
Heating See Remarks
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by Skylux Realty Inc