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    950 Jericho Tpke Westbury, NY 11590

    Sponsored
    For Sale
    $1,450,000

    Prime Jericho Turnpike location, 2,906 sq ft.

    Property size:
    2,906 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional investment opportunity presents a two-story, 2,906 square foot office building situated on a 6,150 square foot lot at 950 Jericho Turnpike in Westbury, New York, zip code 11590. Built in 1958, the property boasts excellent visibility and signage on a heavily trafficked thoroughfare, benefiting from easy access to the Long Island Expressway and Northern State Parkway. Currently configured as a multi-tenant building, the first floor houses four tenants on month-to-month leases, while the second floor features a single tenant with a private entrance, also on a month-to-month lease. The building can be delivered vacant, offering flexibility for the new owner. The property includes 12 parking spaces and is zoned for Business A use. With a total asking price of $1,450,000, this translates to a price per square foot of $498.97. This lender-owned property presents a compelling opportunity for investors seeking a well-located, adaptable commercial space in a thriving Nassau County market. The building's existing tenant structure provides immediate income potential, while the vacant delivery option allows for complete customization and repositioning to suit a variety of business needs.

    Property Features for 950 Jericho Tpke

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,906 SF

    Building Details

    Year Built
    1958
    Stories
    2

    HighLights

    • Bank‑owned property.
    • High visibility and excellent signage on heavily trafficked Jericho Turnpike.
    • Available for immediate occupancy.
    • Convenient access to the Long Island Expressway and Northern State Parkway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manners & Malone, PLLC Attorney David Ullman, P.C. Attorney oof repairs llc Cell Phone Store Iglesia Faro & Vida Christian Church Amecan Inc. Investment Service

    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
    Westbury
    County
    Nassau
    State
    New York
    Longitude
    -73.568404407807
    Latitude
    40.775781840125

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Jericho Turnpike location, 2,906 sq ft.
    Where is this office property / space located?
    The property is located at 950 Jericho Tpke Westbury, NY.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: Bank-owned property.; High visibility and excellent signage on heavily trafficked Jericho Turnpike.; Available for immediate occupancy.
    (516) 203-8134
    Request Owner's contact information
    950 Jericho Tpke Westbury, NY 11590
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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
    950 Jericho Tpke Westbury, NY 11590
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