172-174 Herricks Rd Mineola, NY 11501
- Distribution centers
- 6,000 SF
- 0.15 lot acres
Current Use by Public Records
- Distribution centers
Property Details for 172-174 Herricks Rd
- Year built
- 1950
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.15 lot acres
- Property size
- 6,000 SF
- Property type
- Distribution centers
- APN
- 09-038-00-0004
- APU
- 9038000004
Description
This exceptional mixed-use property at 172-174 Herricks Road in Mineola, NY, presents a compelling value-add opportunity for owner-users. The 7,650 square foot building, constructed in 1950, sits on a 0.15-acre lot and features two stories. Currently, the property boasts three units with a 42% occupancy rate, leaving 4,650 square feet of readily available space for expansion or lease. The building's mixed-use zoning allows for both office and retail tenants. This prime location benefits from a high volume of vehicular traffic, with 28,000 vehicles passing daily on this section of Herricks Road. Its strategic proximity to the Long Island Rail Road (LIRR) station, NYU Langone Hospital, and Mineola High School ensures high visibility and accessibility. The asking price is $1,499,000, translating to $195.95 per square foot. This fee-simple ownership offers significant potential for increased revenue and return on investment. The property's existing infrastructure provides a solid foundation for immediate occupancy and future development, making it an ideal investment for discerning buyers seeking a strong foothold in a thriving Nassau County market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mineola
- County
- Nassau
- State
- New York
- Longitude
- -73.654
- Latitude
- 40.7407
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
