2110 Jericho TpkeGarden City Park, NY 11040

Property Details for 2110 Jericho Tpke

Year built

1963

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.18 AC

Property size (Sq ft)

5,175 SF

Property type

Auto shops

APN

33-120-00-2174

APU

33120002174

Description

This exceptional investment opportunity presents a 5,175 square foot auto repair shop and building located at 2110 Jericho Turnpike in New Hyde Park, NY 11040. The property, built in 1963, sits on a 0.19-acre lot and boasts a prime location with high visibility to approximately 41,000 vehicles daily. The single-story building features four drive-in bays, two lifts, and a 500 square foot mezzanine, providing ample space for operations and storage. The building is zoned for commercial garage repairs, auto body work, tire shops, and other related services (433.14). The asking price is $3,700,000. The seller is open to owner financing and is ideally looking to sell both the building and the established business, but may consider selling the building separately. This property presents a rare opportunity to acquire a well-established business in a high-demand location. The building's 15-foot ceiling height and approximately 20% office space add to its functionality and appeal. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,257,706

  6.5%

  $1,160,959

  7%

  $1,078,033

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,703,937

  Geo Method

  $1,703,937

• Alternative Use

  Use

  Valuation

  Residential

  $979,312

  Hospitality

  $897,045

  Educational

  $746,331

  Medical

  $771,998

  Retail

  $1,160,959

Location Insight

City

New Hyde Park

County

Nassau

State

New York

Latitude

40.7371

Longitude

-73.6704

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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