Property profile

301 Central Ave Bethpage, NY 11714

FOR SALE
Commercial real estate
Property ID
US63-0020937
792 SF 0.1 ac lot Built 1949
Individually Owned 19-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,900-square-foot, two-story office building is situated on a highly visible corner lot in Bethpage, New York, at the traffic-lit intersection of Central Avenue and Stewart Avenue. Boasting a prime location with over 16,000 cars passing daily, this freestanding property offers excellent visibility and accessibility. Built in 1949, the building features gas heat, central air conditioning, a private bathroom, multiple executive office spaces, and a convenient kitchen/break room. Seven parking spaces are available in a private lot. The property is zoned NB, allowing for potential conversion to residential use or a live/work arrangement. Its convenient location is just steps from a local bus stop, the Seaford-Oyster Bay Expressway (135), and minutes from the LIRR Bethpage station, Hempstead Turnpike, and other major highways. Surrounded by numerous local and national retailers, this property presents a remarkable opportunity for a variety of professional office uses, including attorneys, CPAs, therapists, and more. The asking price is $699,000, with a price per square foot of $367.89. The 0.1-acre lot provides ample space for the building and parking. This is a truly unique opportunity that won't last long.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1949
Construction FRAME
Total area 792 SF
Lot 0.1 ac (4,248 SF)
APN 46-346-00-0149
UPID US63-0020937

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
  • Plumbing Service General Contractor
  • Spiritual Center
  • Construction Company General Contractor
  • Tax Preparation

Location

301 Central Ave Bethpage, NY 11714
Bethpage metro Census 520001 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
$320k

Owner & transaction history

since 2006
2 recorded transactions
2006
$335,000
2006
$10

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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