4271 Hempstead TpkeBethpage, NY 11714

Property Details for 4271 Hempstead Tpke

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.60 AC

Property size (Sq ft)

4,939 SF

Property type

Office buildings

APN

49-00C-00-0308

APU

4900C000308

Description

This exceptional Class A medical office building, totaling 9,878 square feet, is available for sale at $5,000,000. Located at 4271 Hempstead Turnpike in Bethpage, NY (zip code 11714), this fee-simple property sits on a 0.6-acre lot and offers a prime location with 175 feet of frontage on a high-traffic road boasting 45,000 vehicles per day. The single-story, 1985-built building is currently vacant, presenting a unique owner-user opportunity or value-add potential for investors. Its strategic location near St. Joseph's Hospital (a 203-bed facility), Bethpage State Park, and the 290,000 square foot Nassau Mall ensures high visibility and strong potential for tenant attraction. The property includes approximately 4.15 parking spaces. This is an excellent chance to acquire a well-situated medical office building in a thriving Nassau County market. The asking price translates to $506.18 per square foot. The property is a single unit.

• CAP approach

  CAP return

  Valuation

  6%

  $1,046,312

  6.5%

  $965,826

  7%

  $896,838

• Comparable approach

  Method

  Valuation

  Relative Method

  $645,330

  Geo Method

  $645,330

• Alternative Use

  Use

  Valuation

  Residential

  $1,197,624

  Hospitality

  $1,097,018

  Educational

  $912,706

  Medical

  $944,095

  Retail

  $1,419,764

Location Insight

City

Bethpage

County

Nassau

State

New York

Latitude

40.726

Longitude

-73.4805

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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