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Mixed-Use

145 Jericho Turnpike

145 Jericho Turnpike, Mineola, NY 11501

Listing Price: $659,000

Cap Rate
5.55%
Price/Gross SF
$147.59
Gross SF
4,465

Investment Overview

Marcus & Millichap is pleased to present 145 W Jericho Turnpike, a mixed-use property located in Mineola, NY. 145 W Jericho Turnpike rests on a 0.04-acre parcel and approximately 3,084 square feet of leasable space. The subject property consists of two (2) apartments over one (1) ground floor retail space. Each apartment is a two-bedroom and one-bath unit with potential upsides in the rent. The retail space is ready for build to suit approximately 1,800 SF in addition to there being a full basement. All units are separately metered and with landlord being required for gas and heat. This property is ideally located on bustling Jericho Turnpike, a major thoroughfare that runs 105 miles from Queens to Suffolk County. Conveniently situated near NYU Langone's Winthrop Hospital, Nassau County Court House, Roosevelt Field Mall, and Eisenhower Park. This portion of Northern Boulevard is a major retail artery (33,000+ VPD) and is line with national tenants like CVS Pharmacy, BP Gas, Walgreens, Starbucks, Sherwin Williams Paints, and Enterprise Rent-A-Car. Only one mile to major Retail and dining including Publix Supermarkets, Target, Home Depot, Starbucks & Chick-fil-a. The area demographics paint a picture of opportunity – over 167,000 people live within a three miles radius and with average household income well over $171,000. This offer presents investors the opportunity acquire a value-add office building in one of Long Islands premier markets. Additional information is available upon request.

Investment Highlights

  • Great owner/user opportunity
  • Two, 2BR/1B apartments on the 2nd Fl
  • Retail space ready to be built for suit
  • Conveniently Situated near Winthrop Hospital, Court House, Roosevelt Field Mall, and Eisenhower Park

Exclusively Listed By

  • Michael Tuccillo

    Licensed Associate Real Estate Broker

    (212) 430-5196

    Email Michael

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

    Manhattan

Mixed-Use

145 Jericho Turnpike

Listing Price: $659,000

Cap Rate
5.55%
Price/Gross SF
$147.59
Gross SF
4,465

Investment Highlights

  • Great owner/user opportunity
  • Two, 2BR/1B apartments on the 2nd Fl
  • Retail space ready to be built for suit
  • Conveniently Situated near Winthrop Hospital, Court House, Roosevelt Field Mall, and Eisenhower Park

Investment Overview

Marcus & Millichap is pleased to present 145 W Jericho Turnpike, a mixed-use property located in Mineola, NY. 145 W Jericho Turnpike rests on a 0.04-acre parcel and approximately 3,084 square feet of leasable space. The subject property consists of two (2) apartments over one (1) ground floor retail space. Each apartment is a two-bedroom and one-bath unit with potential upsides in the rent. The retail space is ready for build to suit approximately 1,800 SF in addition to there being a full basement. All units are separately metered and with landlord being required for gas and heat. This property is ideally located on bustling Jericho Turnpike, a major thoroughfare that runs 105 miles from Queens to Suffolk County. Conveniently situated near NYU Langone's Winthrop Hospital, Nassau County Court House, Roosevelt Field Mall, and Eisenhower Park. This portion of Northern Boulevard is a major retail artery (33,000+ VPD) and is line with national tenants like CVS Pharmacy, BP Gas, Walgreens, Starbucks, Sherwin Williams Paints, and Enterprise Rent-A-Car. Only one mile to major Retail and dining including Publix Supermarkets, Target, Home Depot, Starbucks & Chick-fil-a. The area demographics paint a picture of opportunity – over 167,000 people live within a three miles radius and with average household income well over $171,000. This offer presents investors the opportunity acquire a value-add office building in one of Long Islands premier markets. 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

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