2070 Jericho TpkeNew Hyde Park, NY 11040

Property Details for 2070 Jericho Tpke

Year built

1965

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.35 AC

Property size (Sq ft)

5,906 SF

Property type

Automotive properties

APN

33-00K-00-0710

APU

3300K000710

Description

This exceptional investment opportunity presents a 11,812-square-foot, two-story building situated at 2070 Jericho Turnpike in New Hyde Park, NY, 11040. Currently configured as an auto repair shop/retail space, this property offers a stabilized investment with a 3-year remaining lease term at $13,500 per month (NNN). The building, constructed in 1965, sits on a 15,359-square-foot lot and features approximately 5,906 square feet per floor, a 15-foot ceiling height, and one dock-high door. The property boasts ample parking with 30 spaces available. The current occupancy is 100%, with a vacant status and a 3-year lease term remaining. This mixed-use property (Retail, Office, Industrial) is ideal for investors seeking a strong return on investment with a 3.86% cap rate. The property is currently vacant, offering flexibility for future tenants. The lease is a triple net (NNN) lease, meaning the tenant is responsible for property taxes, insurance, and maintenance. This presents a low-maintenance investment opportunity with a strong potential for future appreciation. The property includes one unit and is located in Nassau County. Serious inquiries only.

Location Insight

City

New Hyde Park

County

Nassau

State

New York

Latitude

40.7361

Longitude

-73.672

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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