450 Jericho Turnpike, Mineola, NY 11501

$7,500,000 List Price
Off Market
 
Listing ID 11488832
Property Type Commercial Business
Commercial Type OFFICE, Office/Storefront Retail, RETAIL, Freestanding
County Nassau
Township North Hempstead
Total Tax $137,883
FEMA Flood Map fema.gov/portal
Year Built 1956
Virtual Tour

Prime office/retail 2 story building for sale.

An outstanding opportunity to acquire a well-positioned commercial property 30,000 sf ideal for investors or owner-users with ample on-site 28 spaces of parking in rear of Latham Rd. Located in a high-traffic area with excellent visibility and office/retail building features flexible layout. - Ground floor and lower level showroom with potential sale-leaseback opportunity from current owner - Second floor can be delivered vacant - ideal for owner occupancy or leasing - Versatile configuration for single or multi-tenant use - Surrounded by established businesses, services, and dining.(Listing Price is Negotiable)
Property Details
  • 0.52 Acres
  • 30000 SF Lot
  • Built in 1956
  • 2 Stories
  • Full Basement
  • 10000 Lower Level SF
  • Lower Level: Partly Finished
Unit Information
Unit #1 – Office/Storefront Retail, Gross Area: 10000, Occupied, Unit Count: 1
Unit #2 – Office Live/Work Unit, Gross Area: 10000, Occupied
Interior Features
  • Alarm System
  • Fire Sprinklers
  • Forced Air
  • 2 Heat/AC Zones
  • Electric Fuel
  • Gas Fuel
  • Central A/C
  • 400 Amps
Exterior Features
  • Masonry - Brick Construction
  • Brick Siding
  • Tar Roof
  • Flat Roof
  • Municipal Water
  • Municipal Sewer
  • Street View
  • Near Bus
Community Details
  • Walk-up (Bldg. Style)
Commercial Info
  • Monthly Price Sq Ft: 0.00
  • Annual Price Sq Ft: 0.00
  • 28 Parking Spaces
  • 6.00% Cap. Rate
Income/Expenses
  • Gross Income $725,000
  • Net Income $440,000
  • Operating Exp $285,182
  • Management Exp $30,000
  • Maintainence Exp $33,000
  • Legal Exp $2,500
  • Insurance Exp $40,000
  • Heat Exp $20,000
  • Electric Exp $40,000
  • Water Exp $6,000
  • Misc Exp $1,000
  • Paid by Landlord: Heat, Gas, Water, HVAC, Cleaning, Insurance, Parking, Ord. Maint., Struct. Maint., Ground Maint.
Taxes and Fees
  • $137,883 Total Tax
  • Tax Year 2024
Previously Listed By
Jeanette Moo
BENCHMARK REALTY & MANAGEMENT CORP
Office: 718-888-0925
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