1245 Colonial Rd, Hewlett, NY 11557-2006
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.
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William Groeger Physician Medical Clinic
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Long Island Aesthetic Spa & Massage Center
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DaeSpa Medical Clinic Skin Care Clinic
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Dr. Zachary Gerut Physician Medical Clinic
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.