2070 Jericho Tpke, New Hyde Park, NY 11040
For Sale
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This exceptional investment opportunity presents a 11,812-square-foot, two-story building situated at 2070 Jericho Turnpike in New Hyde Park, NY, 11040. Currently configured as an auto repair shop/retail space, this property offers a stabilized investment with a 3-year remaining lease term at $13,500 per month (NNN). The building, constructed in 1965, sits on a 15,359-square-foot lot and features approximately 5,906 square feet per floor, a 15-foot ceiling height, and one dock-high door. The property boasts ample parking with 30 spaces available. The current occupancy is 100%, with a vacant status and a 3-year lease term remaining. This mixed-use property (Retail, Office, Industrial) is ideal for investors seeking a strong return on investment with a 3.86% cap rate. The property is currently vacant, offering flexibility for future tenants. The lease is a triple net (NNN) lease, meaning the tenant is responsible for property taxes, insurance, and maintenance. This presents a low-maintenance investment opportunity with a strong potential for future appreciation. The property includes one unit and is located in Nassau County. Serious inquiries only.
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Gold Coast Motorsports Motorcycle Shop
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.