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    Property profile & analytics
    OFF-MARKET Estimated value $3,855,000
    Manufacturing properties

    1 Lexington Ave, Bethpage, NY 11714-3121

    2,000 SF 0.07 ac lot
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US63-0264918
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Vishnick Attorney At Law Law Firm
    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
    One Lexington Management LLC · 4 yrs held
    One Lexington Management LLC
    since 2021
    Last sale
    $3.8M
    2 recorded transactions
    2021
    $3.8M
    2005
    $1.9M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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