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    245 Newtown Rd Plainview, NY 11803

    Sponsored
    For Lease
    $14 SF/Yr

    15,028 SF Available, High-End Renovation

    Lot size:
    106,297 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 106,297 square foot flex building, located at 245 Newtown Road in Plainview, NY, offers a rare opportunity to lease 15,028 square feet of premium office and/or R&D space. The property boasts a complete renovation and is ideally situated just off the Long Island Expressway, providing unparalleled access and convenience. The building features a flexible layout suitable for a variety of uses, with a 22-foot ceiling height offering ample space and versatility. Ample parking is available with 315 spaces situated on a generous 6-acre lot, ensuring convenient access for employees and clients. The building includes two loading docks and one drive-in bay, catering to efficient logistics and material handling. The property is equipped with robust 600 amp electrical service, supporting the needs of modern businesses. This multi-tenant building in Nassau County offers a unique blend of functionality and accessibility, making it an ideal location for businesses seeking a modern and well-equipped workspace. The available space presents a chance to establish a prominent presence in a thriving Long Island business community. Contact us today to learn more about this exceptional opportunity.

    Property Features for 245 Newtown Rd

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    106,297 SF
    Total Rate
    132428.35

    Unit(s) available at that property

    Space
    Available Space
    Size
    15,028 SF
    Rate per SF
    $14

    HighLights

    • 15,028 SF unit available for lease
    • 4,005 SF of office space
    • 22' clear ceiling height
    • Fully air‑conditioned
    • Full sprinkler system, sewer, and gas heat
    • Separate entrance and utilities
    Property Profile Location Intelligence

    Current Use by Public Records

    More Than A Gym Physical Therapy Clinic Protection 1 Security ... Security System Supplier Hippeas Food Producer Alto Pharmacy Pharmacy Yelena Palazzo Physical Therapist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainview
    County
    Nassau
    State
    New York
    Longitude
    -73.4502475
    Latitude
    40.7856106

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    FAQs

    What type of property is this?
    Flex space - 15,028 SF Available, High-End Renovation
    Where is this flex space located?
    The property is located at 245 Newtown Rd Plainview, NY.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 15,028 SF unit available for lease; 4,005 SF of office space; 22' clear ceiling height
    Request Owner's contact information
    245 Newtown Rd Plainview, NY 11803
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    Plainview, NY 11803
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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
    245 Newtown Rd Plainview, NY 11803
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