Two-Unit Corner Medical
For Sale
Contact for pricing
Pending
1298 Newbridge Road, Hempstead, NY 11710
Renovated two-unit corner building with high ceilings, commercial kitchen, bar, and CAC, plus 26 parking spaces.
Property Size3,780 SF
Days on Market418
Property Features for 1298 Newbridge Road
General Information
Standard status
Pending
Size
3,780 SF
Total Parking Spaces
26
Property subtype
Office
Building Details
Year Built
1908
Buildings
1
Stories
2
Listing Agency:
All Island Estates Realty Corporation
Listed By:
Matthew Shane · License #NY 10311207810
Source:
Crexi
Added: Sep 2, 2025
Changed: Oct 21
Last Checked: Oct 23 at 5:20AM
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 All Island Estates Realty Corporation
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated two-unit corner building is available for sale and includes public assembly use. The property features high 16' ceilings, a commercial kitchen, and a fully functioning bar, with CAC and full sprinklering. Lighting has been updated with all-new LED fixtures, and the building was completely renovated in 2020.
The property is located on the corner of busy Newbridge Road and Frisch Place in the heart of Bellmore, providing strong visibility and access. It offers 26 parking spaces on-site and is currently home to a successful chiropractic wellness center, with the option to be delivered vacant if needed.
Surrounding retail and services include well-known neighbors such as Chase, Stop & Shop, Ace Hardware, Dunkin’, Rite Aid, 7-Eleven, Speedway, CVS, and Carvel.
The property is located on the corner of busy Newbridge Road and Frisch Place in the heart of Bellmore, providing strong visibility and access. It offers 26 parking spaces on-site and is currently home to a successful chiropractic wellness center, with the option to be delivered vacant if needed.
Surrounding retail and services include well-known neighbors such as Chase, Stop & Shop, Ace Hardware, Dunkin’, Rite Aid, 7-Eleven, Speedway, CVS, and Carvel.
Key Highlights
- Completely renovated in 2020, two‑unit corner commercial building originally built in 1908
- High 16’ ceilings with fully sprinklered interior and CAC
- Commercial kitchen plus fully functioning bar for public assembly use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,315
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,326,300
$1.3M
Cap Rate 7%
$947,357
$947.4K
Cap Rate 9%
$736,833
$736.8K
Market Conditions
NOI Build-Up for 3,780 SF
Gross rent
$128.4K $33.96/SF
− Vacancy
−$17.8K −$4.72/SF
EGI
$110.5K $29.24/SF
− OpEx
−$44.2K −$11.70/SF
NOI
$66.3K $17.54/SF
Area
Nassau County, NY
Vacancy
13.90%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,326,300
Cap Rate 7%
$947,357
Cap Rate 9%
$736,833
Alternative Uses
Best Use
Healthcare Medical
$947.4K
$828.9K – $1.11M
NOI $66,315 @ 7.0% cap · market cap 4.78%
Second Best
Office B
$928.6K
$812.5K – $1.08M
NOI $64,999 @ 7.0% cap · market cap 4.68%
Theoretical Best
Specialty Retail
$2.50M
$2.19M – $2.92M
NOI $174,948 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
692
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11710, NY
35,155
Population
11,717
Households
3
Avg Household Size
43
Median Age
54%
College-Educated
97%
High-School Grad
4.9 sq mi
ZIP Area
7,174
Density / Sq Mi
$173,136
Median Household Income
$76,812
Median Earnings
$2,495
Median Rent
$647,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Renovated two-unit corner building with high ceilings, commercial kitchen, bar, and CAC, plus 26 parking spaces.
Where is this medical office space located?
The property is located at 1298 Newbridge Road Hempstead, NY.
What is the asking price?
The asking price for this property is $1,388,000.
What are key features of this property?
This property features: Completely renovated in 2020, two‑unit corner commercial building originally built in 1908; High 16’ ceilings with fully sprinklered interior and CAC; Commercial kitchen plus fully functioning bar for public assembly use
