Technical
Financial
Distress signals
Property profile

1 Lexington Ave Bethpage, NY 11714

FOR SALE
Manufacturing properties
Property ID
US63-0264918
2,000 SF 0.07 ac lot
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Manufacturing properties
Use group FACTORY (MANUFACTURING)
Total area 2,000 SF
Lot 0.07 ac (2,992 SF)
APN 46-00E-00-0727
UPID US63-0264918

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm

Location

1 Lexington Ave Bethpage, NY 11714
Bethpage metro Census 520002 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.91M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.86M

Owner & transaction history

since 2021
Last sale
$3.8M
2 recorded transactions
2021
$3.8M
2005
$1.9M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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