Retail Strip Center on Main
For Sale
$4,350,000
597 Hicksville Rd, Bethpage, NY 11714
Retail strip center directly on Hicksville Road with approximately 13,584 leasable square feet.
Property Size13,584 SF
Lot Size1.04 Acres
Price / SF$320.23
Days on Market24
Property Features for 597 Hicksville Rd
General Information
Standard status
Active
Size
13,584 SF
Lot size
1.04 Acres
Property subtype
Shopping Strip
Additional Details
Cap Rate
5.6%
Traffic Count
36,700 vehicles/day
Building Details
Year Built
1953
Listing Agency:
Marcus & Millichap | Manhattan
(212) 430-5196
Listed By:
Michael Tuccillo · License #License(s): NY: 10301217094, NY: 10491208938
(212) 430-5196
Source:
Marcusmillichap
Added: Jul 9
Changed: Jul 23
Last Checked: Aug 1 at 2:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | Manhattan
Investment Insights
Based on property information with market context.
597-611 Hicksville Road is a retail strip center located in Bethpage, New York, offered for sale. The property encompasses approximately 1.04 acres and provides approximately 13,584 square feet of leasable retail space.
The center is situated directly on Hicksville Road. The corridor is described as a high-traffic commercial artery with 36,700+ vehicles per day, supported by dense surrounding residential neighborhoods and nearby employment and logistics activity.
The area’s business and institutional presence is highlighted by Northwell Health’s Integrated Distribution Center, the U.S. Postal Service logistical and distribution center, FedEx Freight, Arkwin Industries, Grumman Studios, and a large Amazon warehouse, along with additional anchors including St. Joseph Hospital, Farmingdale State College, and the Bethpage LIRR Station.
The center is situated directly on Hicksville Road. The corridor is described as a high-traffic commercial artery with 36,700+ vehicles per day, supported by dense surrounding residential neighborhoods and nearby employment and logistics activity.
The area’s business and institutional presence is highlighted by Northwell Health’s Integrated Distribution Center, the U.S. Postal Service logistical and distribution center, FedEx Freight, Arkwin Industries, Grumman Studios, and a large Amazon warehouse, along with additional anchors including St. Joseph Hospital, Farmingdale State College, and the Bethpage LIRR Station.
Key Highlights
- Retail strip center at 597‑611 Hicksville Road in Bethpage, NY, built in 1953
- 1.04‑acre site with approximately 13,584 SF of leasable area
- Directly on Hicksville Road with 36,700+ vehicles per day
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $407.5k | $30.00 |
| − Vacancy | −$23.2k | −$1.71 |
| EGI | $384.3k | $28.29 |
| − OpEx | −$115.3k | −$8.49 |
| NOI | $269.0k | $19.80 |
13,584 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.84M
$3.36M – $4.48M
NOI $269,004 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.98M
$7.86M – $10.48M
NOI $628,701 @ 7.0% cap · market cap 14.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
36,700 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Shops & Services 26%
Applebee's
Dining
14,049 visits/mo
0.4 miles
BP
Shops & Services
7,109 visits/mo
0.3 miles
Dunkin' Donuts
Dining
4,140 visits/mo
0.0 miles
Carvel Ice Cream
Dining
1,606 visits/mo
0.4 miles
Domino's Pizza
Dining
1,159 visits/mo
0.4 miles
Demographics for 11714, NY
22,989
Population
7,925
Households
2.9
Avg Household Size
45
Median Age
41%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
5,474
Density / Sq Mi
$123,679
Median Household Income
$61,499
Median Earnings
$2,211
Median Rent
$586,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Retail strip center directly on Hicksville Road with approximately 13,584 leasable square feet.
Where is this strip mall located?
The property is located at 597 Hicksville Rd Bethpage, NY.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: Retail strip center at 597‑611 Hicksville Road in Bethpage, NY, built in 1953; 1.04‑acre site with approximately 13,584 SF of leasable area; Directly on Hicksville Road with 36,700+ vehicles per day
