1 Lexington Ave Bethpage, NY 11714
- Manufacturing properties
- 2,000 SF
- 0.07 lot acres
Current Use by Public Records
- Vishnick Attorney At Law / Attorney
Property Details for 1 Lexington Ave
- Lot size
- 0.07 lot acres
- Property size
- 2,000 SF
- Property type
- Manufacturing properties
- APN
- 46-00E-00-0727
- APU
- 4600E000727
Description
This exceptional 30,500 square foot, two-story office and warehouse building in Bethpage, NY, is available for purchase at $8,280,000. The property, built in 1947 and renovated in 2013, features a desirable light industrial zoning designation. The building boasts 13,000 square feet of warehouse space on the first floor, complemented by 2,500 square feet of office space on the same level. The second floor offers an additional 15,000 square feet of office space. Functional features include two dock extensions, one drive-in door, and a freight elevator, all enhanced by impressive 32-foot ceiling heights. Ample parking is provided with 55 spaces, including five electric vehicle charging stations. Conveniently located near the Bethpage LIRR train station (a seven-minute walk), this property benefits from its proximity to various neighborhood amenities and its position just west of the Seaford-Oyster Bay Expressway. The 40,338 square foot lot offers fee simple ownership. This vacant property presents a compelling value-add investment opportunity. The building's Class C designation and vacant tenancy offer significant potential for renovation and lease-up. The property's location and features make it an attractive prospect for a variety of commercial uses. The Nassau County location and the property's APN is 2489-46-E-00-0726-0.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,900,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,725,000
- 6.5%
- $3,505,000
- 7%
- $3,705,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,105,000
- Geo Method
- $3,725,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,800,000
- Retail
- $4,340,000
- Mixed-Use
- $4,465,000
- Hospitality
- $4,285,000
- Educational
- $3,670,000
- Residential Income
- $4,235,000
- Energy
- $3,375,000
- Income-Based Land
- $4,245,000
- Food Service
- $3,950,000
Location Insight
- Map
- Local Demand
- City
- Bethpage
- County
- Nassau
- State
- New York
- Longitude
- -73.4773
- Latitude
- 40.7396
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
