666 Old Country RdGarden City, NY 11530

Property Details for 666 Old Country Rd

Year built

1980

Lot size

4.31 AC

Property size (Sq ft)

11,378 SF

Property type

Office buildings

APN

44-077-00-0063

APU

44077000063

Description

This exceptional 0.75-acre commercial land parcel presents a unique investment opportunity at the entrance of the renowned Roosevelt Field Mall in Nassau County. Situated at the corner of Roosevelt Field Entrance Road and Ring Road North, this single-tenant pad site benefits from unparalleled visibility and accessibility. The property offers 5,000 square feet of buildable space, ideal for retail or restaurant development. Roosevelt Field Mall, one of the nation's largest shopping centers, draws a substantial customer base from a highly affluent and densely populated area. Within a five-mile radius, there are 487,000 residents, and the broader trade area encompasses 1.4 million people. Nassau County consistently ranks among the wealthiest counties nationwide, ensuring a strong and stable market for this prime location. This property is available for a ground lease or a build-to-suit arrangement, offering flexibility to suit various development plans. The site's strategic position at the mall entrance guarantees maximum exposure and foot traffic, making it an exceptional opportunity for businesses seeking a high-impact location in a thriving market. This is a rare chance to establish a presence in one of Long Island's most desirable commercial areas.

• CAP approach

  CAP return

  Valuation

  6%

  $1,881,123

  6.5%

  $1,736,422

  7%

  $1,612,391

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,486,650

  Geo Method

  $1,486,650

• Alternative Use

  Use

  Valuation

  Residential

  $2,153,162

  Hospitality

  $1,972,285

  Educational

  $1,640,918

  Medical

  $1,697,352

  Retail

  $2,552,540

Location Insight

City

Garden City

County

Nassau

State

New York

Latitude

40.7425

Longitude

-73.6133

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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