Skip to main content

Shopping Strip

206-240 E Jericho Turnpike

240 E Jericho Turnpike, Mineola, NY 11501

Listing Price: $6,999,999

Cap Rate
3.91%
Rentable SF
35,000
Lot Size
0.92 acres
Year Built
1956

Investment Overview

Marcus & Millichap is pleased to exclusively present 206-240 East Jericho Turnpike, a 35,000 square-foot retail flex building located in Mineola, NY. The prominently positioned commercial property runs a full traffic light to traffic light block on Jericho Turnpike with over 400 feet of frontage. This section of Jericho Turnpike is trafficked by close to 40,000 vehicles daily as commuters, residents, and students make their way to and from local demand drivers such as NYU Winthrop Hospital, Chaminade High School, Mineola’s LIRR Station, and much more. Ideally located in close vicinity to the Northern State Parkway (144,000 VPD) and Wantagh State Parkway (131,000 VPD), the property benefits from convenient access and tremendous visibility. Additionally, the bustling Jericho Turnpike retail node is lined with national and regional tenants like Northwell Health, CVS Pharmacy, 7-Eleven, Dunkin’, Starbucks, McDonald’s, and Walgreens. Tenants and their customers also benefit from the property’s close vicinity to the Roosevelt Field Mall. The sprawling 2.3 million square foot mall is the largest in New York State and the 6th largest nationally and draws thousands of consumers from the region daily. The area demographics paint a picture of opportunity – approximately 160,000 people live within a three-mile radius, with an average household income exceeding $174,000. This property presents potential end-users and investors with an opportunity to acquire an extremely well-located cash-flowing asset in a premier market. Additional information is available upon request.

Investment Highlights

  • Prominently positioned property runs a full traffic light to traffic light block on Jericho Turnpike
  • Prime High volume thoroughfare with close to 40,000 VPD on this portion of Jericho Turnpike
  • Located near local demand drivers such as NYU Winthrop Hospital, Chaminade High School, & Mineola's LIRR Station

Exclusively Listed By

  • Michael Tuccillo

    Licensed Associate Real Estate Broker

    (212) 430-5196

    Email Michael

    License(s): NY: 10301217094, NY: 10491208938

    Manhattan

Shopping Strip

206-240 E Jericho Turnpike

Listing Price: $6,999,999

Cap Rate
3.91%
Rentable SF
35,000
Lot Size
0.92 acres
Year Built
1956

Investment Highlights

  • Prominently positioned property runs a full traffic light to traffic light block on Jericho Turnpike
  • Prime High volume thoroughfare with close to 40,000 VPD on this portion of Jericho Turnpike
  • Located near local demand drivers such as NYU Winthrop Hospital, Chaminade High School, & Mineola's LIRR Station

Investment Overview

Marcus & Millichap is pleased to exclusively present 206-240 East Jericho Turnpike, a 35,000 square-foot retail flex building located in Mineola, NY. The prominently positioned commercial property runs a full traffic light to traffic light block on Jericho Turnpike with over 400 feet of frontage. This section of Jericho Turnpike is trafficked by close to 40,000 vehicles daily as commuters, residents, and students make their way to and from local demand drivers such as NYU Winthrop Hospital, Chaminade High School, Mineola’s LIRR Station, and much more. Ideally located in close vicinity to the Northern State Parkway (144,000 VPD) and Wantagh State Parkway (131,000 VPD), the property benefits from convenient access and tremendous visibility. Additionally, the bustling Jericho Turnpike retail node is lined with national and regional tenants like Northwell Health, CVS Pharmacy, 7-Eleven, Dunkin’, Starbucks, McDonald’s, and Walgreens. Tenants and their customers also benefit from the property’s close vicinity to the Roosevelt Field Mall. The sprawling 2.3 million square foot mall is the largest in New York State and the 6th largest nationally and draws thousands of consumers from the region daily. The area demographics paint a picture of opportunity – approximately 160,000 people live within a three-mile radius, with an average household income exceeding $174,000. This property presents potential end-users and investors with an opportunity to acquire an extremely well-located cash-flowing asset in a premier market. Additional information is available upon request.

Exclusively Listed By

  • Michael Tuccillo

    Licensed Associate Real Estate Broker

    (212) 430-5196

    Email Michael

    License(s): NY: 10301217094, NY: 10491208938

    Manhattan

MM Texture Background
MM Textured Background Lower