700 Old Country Rd Plainview, NY 11803

This exceptional investment opportunity presents a fee-simple ownership of Central Park Plaza, a 32,898 square foot medical office building situated on a 1.86-acre lot at 700 Old Country Road, Plainview, NY 11803. Built in 1960, this Class B, single-story building boasts a strong NOI of $469,043, translating to a compelling 7.22% cap rate at an asking price of $6,500,000 ($197.58/sq ft). The property features a gross lease structure and multi-tenant occupancy, with currently three vacancies available for lease-up. Ample parking is provided with 120 on-site spaces. The property is conveniently located near major roadways, including the Seaford-Oyster Bay Expressway, Northern State Parkway, and Long Island Expressway, ensuring excellent accessibility. The permitted zoning is commercial, making it a versatile and attractive investment in a thriving Nassau County location. This stabilized, opportunistic investment offers a solid return and significant upside potential through lease-up of the existing vacancies. The building is zoned for commercial use.