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    2070 Jericho Tpke New Hyde Park, NY 11040

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    For Sale
    Contact for pricing

    11,812 SF Auto Shop, NNN Lease, 3.86% Cap Rate

    Property size:
    11,812 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 11,812-square-foot, two-story building situated at 2070 Jericho Turnpike in New Hyde Park, NY, 11040. Currently configured as an auto repair shop/retail space, this property offers a stabilized investment with a 3-year remaining lease term at $13,500 per month (NNN). The building, constructed in 1965, sits on a 15,359-square-foot lot and features approximately 5,906 square feet per floor, a 15-foot ceiling height, and one dock-high door. The property boasts ample parking with 30 spaces available. The current occupancy is 100%, with a vacant status and a 3-year lease term remaining. This mixed-use property (Retail, Office, Industrial) is ideal for investors seeking a strong return on investment with a 3.86% cap rate. The property is currently vacant, offering flexibility for future tenants. The lease is a triple net (NNN) lease, meaning the tenant is responsible for property taxes, insurance, and maintenance. This presents a low-maintenance investment opportunity with a strong potential for future appreciation. The property includes one unit and is located in Nassau County. Serious inquiries only.

    Property Features for 2070 Jericho Tpke

    General Information

    Property type
    Automotive properties
    Square Feet
    11,812 SF

    Building Details

    Year Built
    1965
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • 11,812 SF two‑story building on a 15,359 SF lot.
    • Approximately 5,906 SF per floor.
    • Currently configured as a repair shop/retail space.
    • Three years remaining on the lease.
    • NNN lease at $13,500/month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gold Coast Motorsports Motorcycle Dealer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    New Hyde Park
    County
    Nassau
    State
    New York
    Longitude
    -73.67219443
    Latitude
    40.73652319

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    FAQs

    What type of property is this?
    Automotive property - 11,812 SF Auto Shop, NNN Lease, 3.86% Cap Rate
    Where is this automotive property located?
    The property is located at 2070 Jericho Tpke New Hyde Park, NY.
    What are key features of this property?
    This property features: 11,812 SF two-story building on a 15,359 SF lot.; Approximately 5,906 SF per floor.; Currently configured as a repair shop/retail space.
    Request Owner's contact information
    2070 Jericho Tpke New Hyde Park, NY 11040
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    2070 Jericho Tpke New Hyde Park, NY 11040
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