Technical
Financial
Distress signals
Property profile

15 Jericho Tpke Jericho, NY 11753

OFF-MARKET
Office buildings
Property ID
US63-3044994
6,130 SF 0.36 ac lot Built 1970
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1500-square-foot cafe presents a unique investment opportunity in the thriving Jericho, NY market. Situated on the highly visible Jericho Turnpike, this established business enjoys a prime location with consistent foot traffic and a loyal customer base. The cafe's spacious yet cozy atmosphere makes it a popular destination for locals seeking a comfortable environment to socialize, work, or enjoy delicious food and beverages. The current setup is well-suited for continued success, offering a turnkey operation for a new owner. This is a rare chance to acquire a well-established business in a desirable location with significant potential for growth and profitability. The property's location on Jericho Turnpike ensures high visibility and accessibility, attracting a diverse clientele. The cafe's existing reputation for quality food and service provides a strong foundation for future success. This is an ideal opportunity for an investor seeking a profitable venture with minimal start-up costs and immediate revenue generation. The business is ready to operate, requiring minimal investment to maintain its current success. The spacious interior provides ample room for seating and operations, while the cozy atmosphere fosters a welcoming environment for customers. This turnkey operation offers a streamlined transition for a new owner, minimizing the time and effort required to establish a successful business. The property's location on Jericho Turnpike offers unparalleled visibility and accessibility, ensuring a steady stream of customers. This is a rare opportunity to acquire a profitable, established business in a prime location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1970
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,130 SF
Lot 0.36 ac (15,551 SF)
APN 11-387-00-0075
UPID US63-3044994

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
  • Cafe & Coffee Shop
  • Training Center
  • Association Or Organization

Location

15 Jericho Tpke Jericho, NY 11753-1001
Jericho metro Census 518501 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.12M

Owner & transaction history

since 2016
3 recorded transactions
2023
Price N/A
2016
Price N/A
1969
Price N/A

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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