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    1 Lexington Ave Bethpage, NY 11714

    Sponsored
    For Sale
    $8,280,000

    30,500 SF Office & Warehouse, Vacant

    Property size:
    30,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 30,500 square foot, two-story office and warehouse building in Bethpage, NY, is available for purchase at $8,280,000. The property, built in 1947 and renovated in 2013, features a desirable light industrial zoning designation. The building boasts 13,000 square feet of warehouse space on the first floor, complemented by 2,500 square feet of office space on the same level. The second floor offers an additional 15,000 square feet of office space. Functional features include two dock extensions, one drive-in door, and a freight elevator, all enhanced by impressive 32-foot ceiling heights. Ample parking is provided with 55 spaces, including five electric vehicle charging stations. Conveniently located near the Bethpage LIRR train station (a seven-minute walk), this property benefits from its proximity to various neighborhood amenities and its position just west of the Seaford-Oyster Bay Expressway. The 40,338 square foot lot offers fee simple ownership. This vacant property presents a compelling value-add investment opportunity. The building's Class C designation and vacant tenancy offer significant potential for renovation and lease-up. The property's location and features make it an attractive prospect for a variety of commercial uses. The Nassau County location and the property's APN is 2489-46-E-00-0726-0.

    Property Features for 1 Lexington Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    30,500 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1947/2013
    Buildings
    1
    Stories
    2

    HighLights

    • For sale: 13,000 SF warehouse and 17,500 SF office building in Bethpage, NY.
    • Features include two dock‑high doors, one drive‑in door, one elevator, and 32' ceiling clearances.
    • 55 on‑site parking spaces with five EV charging stations.
    • Seven‑minute walk to the Bethpage LIRR station.
    • Excellent location near neighborhood amenities and the Seaford‑Oyster Bay Expressway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vishnick Attorney At Law Attorney

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bethpage
    County
    Nassau
    State
    New York
    Longitude
    -73.477381388281
    Latitude
    40.739745048815

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    FAQs

    What type of property is this?
    Distribution property - 30,500 SF Office & Warehouse, Vacant
    Where is this distribution property located?
    The property is located at 1 Lexington Ave Bethpage, NY.
    What is the asking price?
    The asking price for this property is $8,280,000.
    What are key features of this property?
    This property features: For sale: 13,000 SF warehouse and 17,500 SF office building in Bethpage, NY.; Features include two dock-high doors, one drive-in door, one elevator, and 32' ceiling clearances.; 55 on-site parking spaces with five EV charging stations.
    Request Owner's contact information
    1 Lexington Ave Bethpage, NY 11714
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Lexington Ave Bethpage, NY 11714
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