1350 Union TpkeNew Hyde Park, NY 11040

  • Sports & entertainment properties
  • 47,864 SF
For Lease

Property Details for 1350 Union Tpke

Year built
1960
Lot size
3.74 AC
Property size (Sq ft)
47,864 SF
Property type
Sports & entertainment properties
APN
08-235-00-0017
APU
8235000017

Description

This exceptional freestanding property at 1350 Union Turnpike in New Hyde Park, NY, offers a unique opportunity for businesses seeking flexible office or medical space. Located in Nassau County, this 51,004 square foot building sits on a generous 3.74-acre lot and boasts high ceilings ranging from 14 to 18 feet. The property is currently fully vacant, providing immediate occupancy for a single tenant or the ability to divide the space into multiple units. Minimum divisible space starts at 1,403 square feet, with a maximum contiguous space of 49,601 square feet, catering to a wide range of business needs. The building's prime location within the thriving New Hyde Park/Lake Success trade area offers unparalleled access to a robust business community, including over 6 million square feet of office and medical space within a two-mile radius. Its proximity to a major shopping center, with a Target store soon to open, ensures high visibility and convenient amenities for employees and clients. This versatile property is ideal for a variety of uses, making it an exceptional investment opportunity in a highly sought-after location. The property is zoned for retail, office, and medical uses. The address is 1350 Union Turnpike, New Hyde Park, NY 11040.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $9,057,741
    Hospitality
    $8,296,842
    Educational
    $6,902,875
    Medical
    $7,140,276
    Retail
    $10,737,806
1350 Union Tpke, New Hyde Park, New York

Location Insight

City
New Hyde Park
County
Nassau
State
New York
Latitude
40.7529
Longitude
-73.6983
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$445,236
$86,466
$1
$86,467
-
-
-
$8,646,700

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