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Property profile & analytics
OFF-MARKET Estimated value $570,000
Retail space

271 Central Ave Bethpage, NY 11714-3910

1,320 SF 0.12 ac lot Built 1938
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US63-2902227
Property summary
AI-generated overview

This exceptional mixed-use property, located at 271 Central Avenue in Bethpage, NY, presents a unique investment opportunity. The 5,600 square foot building sits on a 0.12-acre lot in a high-traffic, highly visible corner location. Completely renovated in 2019, this Class A building boasts a versatile layout ideal for a variety of commercial uses, including retail, office, or automotive businesses. The first floor features approximately 1,520 square feet of Class A office space, along with a six-car garage (approximately 1,600 square feet) equipped with two overhead doors. Three bathrooms are conveniently located on the main floor. Upstairs, a spacious 1,480 square foot, four-bedroom apartment with air conditioning offers excellent rental potential. A fully finished basement (approximately 1,500 square feet) with a separate entrance provides additional space for storage or office use, adding to the property's overall functionality. The building is equipped with central heating and cooling systems for year-round comfort and features two separate meters. Its convenient location near the Long Island Rail Road and major highways ensures excellent accessibility and visibility. This property offers a compelling blend of commercial and residential income potential in a thriving area.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1938
Construction FRAME
Total area 1,320 SF
Lot 0.12 ac (5,260 SF)
APN 49-138-00-0187
UPID US63-2902227
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
  • NEPHROLOGY ASSOCIATES, PC Medical Clinic
  • Castle Fire & Water Damage Restoration Hardware & Home Improvement Construction Company
  • Pervaiz Iqbal Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$400k
Comparable Approach Comparable
$510k
Blend (final) Blend
$570k
Owner & transaction history
271 Central Ave Pb LLC · 1 yrs held
271 Central Ave Pb LLC
since 2025
4 recorded transactions
2025
$1.4M
2019
$500,000
2013
$298,600
2011
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $930,000 +23.8%
Auto repair, garage $865,000 +15.3%
Commercial (general) $855,000 +13.6%
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