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    FOR SALE
    Automotive properties

    2070 Jericho Tpke, New Hyde Park, NY 11040

    5,906 SF 0.35 ac lot Built 1965
    Entity Owned ~ Est. High Equity
    Property ID
    US63-0237582
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Automotive properties
    Use group VEHICLE SALES, RENTALS
    Year built 1965
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 5,906 SF
    Lot 0.35 ac (15,377 SF)
    APN 33-00K-00-0710
    UPID US63-0237582
    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
    • Gold Coast Motorsports Motorcycle Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.78M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.70M
    Blend (final) Blend
    $3.29M
    Owner & transaction history
    2070 Jericho Tpke Nhp LLC
    2070 Jericho Tpke Nhp LLC
    since 2025
    Last sale
    $4.0M
    5 recorded transactions
    2025
    $4.0M
    2022
    2022
    2022
    $2.5M
    2000
    $525,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $5.2M +35.1%
    Neighborhood: shopping center $5.2M +33.5%
    Office building $4.2M +7.4%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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