1845 Highland AveNew Hyde Park, NY 11040

  • Industrial properties
  • 810 SF
For Sale
$2,650,000 View listing

Property Details for 1845 Highland Ave

Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.18 AC
Property size (Sq ft)
810 SF
Property type
Industrial properties
Property subtype
Distribution centers
APN
08-191-00-0033
APU
8191000033

Description

This exceptional industrial property, located at 1845 Highland Ave, New Hyde Park, NY 11040, presents a compelling investment opportunity. The 8,654 square foot building sits on a 0.18-acre lot and is zoned IB, offering versatility for various manufacturing uses. Built in 1963, the two-story structure comprises 4,732 square feet on the ground floor and 3,922 square feet in the lower level, supplemented by a 1,008 square foot rear canopy. The building features 13-foot ceilings, one loading dock, 400 amps of power, gas heating, and partial air conditioning. The asking price is $2,650,000, translating to $306.22 per square foot. The property will be delivered vacant on December 31, 2024. Situated in Nassau County's Town of North Hempstead, this location offers convenient access to major transportation routes and a thriving business community. This multi-tenant Class C building represents a strong value proposition for owner-users seeking efficient operations and scalable growth within a desirable New York location. The property's features and strategic location make it an ideal choice for businesses seeking a well-maintained and functional manufacturing space.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $153,284
    Hospitality
    $140,407
    Educational
    $116,817
    Medical
    $120,835
    Retail
    $181,715
1845 Highland Ave, New Hyde Park, New York
Leaflet | © OpenStreetMap contributors

Location Insight

City
New Hyde Park
County
Nassau
State
New York
Latitude
40.742
Longitude
-73.6724
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$31,939
$1,800
$2,958
$4,758
-
-
-
$475,800

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