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Property profile & analytics
FOR SALE
Auto shops

400 Herricks Rd Mineola, NY 11501

1,440 SF 0.27 ac lot Built 1948
Entity Owned 10-yr Hold Free & Clear
Property ID
US63-3462369
Property summary
AI-generated overview

This exceptional commercial property presents a unique redevelopment opportunity in the thriving town of Mineola, New York. The property boasts a substantial 11,700 square foot lot, offering significant potential for expansion or new construction. The existing building comprises 1,440 square feet of usable space. Importantly, the property is environmentally compliant, eliminating potential remediation concerns and ensuring a smooth transition for any future development. Its strategic location provides convenient access to major roadways, guaranteeing high visibility and easy accessibility for both employees and customers. The bustling Mineola location offers proximity to a variety of amenities, creating a desirable environment for businesses seeking a vibrant and convenient setting. This property is ideal for entrepreneurs and investors seeking to capitalize on a prime location and significant development potential. The generous lot size allows for a wide range of development possibilities, from expanding the existing structure to constructing a completely new building tailored to specific business needs. This is a rare opportunity to acquire a clean, compliant property in a highly desirable location. Don't miss this chance to secure a strong foundation for your next business venture.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1948
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,440 SF
Lot 0.27 ac (11,718 SF)
APN 09-008-00-0067
UPID US63-3462369
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Geety Properties Corp · 10 yrs held
Geety Properties Corp
since 2015
2 recorded transactions
2015
Price N/A
2015
$150,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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