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    Property profile & analytics
    OFF-MARKET Estimated value $1,270,000
    Commercial real estate

    1245 Colonial Rd, Hewlett, NY 11557-2006

    1,152 SF 0.28 ac lot Built 1900
    Entity Owned Free & Clear
    Property ID
    US63-2438082
    Property summary
    AI-generated overview

    This exceptional four-story commercial building, situated in a highly desirable area of Hewlett, New York, presents a unique investment opportunity. Spanning over 3,640 square feet, the property is ideally suited for medical practices, boasting a thoughtfully designed layout. Currently configured as a medical facility, the building features a welcoming main waiting area on the first floor, along with a dedicated pre-operative waiting room, a scrub room, a fully equipped AAAASF Operating Room, and a clerical area. The second floor offers two consultation rooms, two examination rooms, a photography room, and convenient bathroom facilities including one full bathroom and two half bathrooms. The building's strategic location offers easy access to the Long Island Rail Road (LIRR) and other public transportation options, ensuring convenient commuting for both staff and patients. Ample on-site parking is available, supplemented by nearby municipal parking. This turnkey medical facility presents a rare opportunity to acquire a well-established and functional space in a prime location. The building's size is approximately 3870 square feet. The asking price is $1,599,000.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1900
    Construction FRAME
    Total area 1,152 SF
    Lot 0.28 ac (12,110 SF)
    APN 41-001-00-0103
    UPID US63-2438082
    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
    • William Groeger Physician Medical Clinic
    • Long Island Aesthetic Spa & Massage Center
    • DaeSpa Medical Clinic Skin Care Clinic
    • Dr. Zachary Gerut Physician Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.11M
    Blend (final) Blend
    $1.27M
    Owner & transaction history
    Ibtaea LLC
    Ibtaea LLC
    since 2025
    Last sale
    $1.3M
    3 recorded transactions
    2025
    $1.3M
    2005
    1993
    $425,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $1.0M +35.5%
    Office building $815,000 +9.0%
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