Two-Unit Corner Medical
1298 Newbridge Road Hempstead, NY 11710
1298 Newbridge Road, Hempstead, NY, 11710
Contact for pricing
For Sale
Contact for pricing
Pending
Renovated two-unit corner building with high ceilings, commercial kitchen, bar, and CAC, plus 26 parking spaces.
Property Size3,780 SF
Days on Market324
Property Features for 1298 Newbridge Road
General Information
- Standard status
- Pending
- Size
- 3,780 SF
- Property subtype
- Office
Building Details
- Year Built
- 1908
Listing agency
All Island Estates Realty Corporation
Listed by
Matthew Shane · License #NY 10311207810
Source
Crexi
Added: Sep 2, 2025 Updated: Jul 22 at 8:21AM Checked: Jul 22 at 8:21AM
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
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
Local Financial Insights For Healthcare Medical
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 | $128.4k | $33.96 |
| − Vacancy | −$17.8k | −$4.72 |
| EGI | $110.5k | $29.24 |
| − OpEx | −$44.2k | −$11.70 |
| NOI | $66.3k | $17.54 |
3,780 SF · lease $33.96/SF/yr · vacancy 13.90% · expense 40.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
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
