465 Jericho TpkeMineola, NY 11501

Property Details for 465 Jericho Tpke

Year built

1952

Lot size

0.11 AC

Property size (Sq ft)

3,600 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

09-028-00-0041

APU

9028000041

Description

This exceptional Mineola retail property boasts 7,200 square feet of versatile space, ideally suited for a variety of commercial uses. The building's unique design features two separate 3,600-square-foot units, offering unparalleled flexibility. Each unit features 14-foot ceilings and 12-foot clear height, perfect for efficient inventory management and retail operations. A 12-foot roll-up door enhances accessibility for loading and unloading. The property benefits from a highly desirable location on Jericho Turnpike, providing 82 feet of prime frontage. Its strategic placement is further enhanced by the presence of two municipal parking lots, one on each side of the building, ensuring convenient customer parking. The sturdy cinderblock construction ensures durability and longevity. Situated just 2.7 miles south of the Long Island Expressway, this property offers exceptional accessibility, with a quick 8-minute drive to the highway. This presents a rare opportunity to own a substantial retail space in a thriving commercial area, with the potential for owner-occupancy and/or rental income from both units. The combination of size, location, and accessibility makes this property an outstanding investment.

• CAP approach

  CAP return

  Valuation

  6%

  $738,033

  6.5%

  $681,261

  7%

  $632,599

• Comparable approach

  Method

  Valuation

  Relative Method

  $729,083

  Geo Method

  $729,083

• Alternative Use

  Use

  Valuation

  Residential

  $681,261

  Hospitality

  $624,031

  Educational

  $519,187

  Medical

  $537,042

  Retail

  $807,624

Location Insight

City

Mineola

County

Nassau

State

New York

Latitude

40.7446

Longitude

-73.6538

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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