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    Property profile & analytics
    OFF-MARKET Estimated value $745,000
    Investment properties

    5 Bethpage Rd, Hicksville, NY 11801-1526

    740 SF 0.3 ac lot Built 1918
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US63-2217147
    Property summary
    AI-generated overview

    This exceptional turnkey restaurant and bakery opportunity is located at 5 Bethpage Rd, Hicksville, NY 11801, in Nassau County. The property, built in 1918, boasts 740 square feet spread across two stories, and is currently vacant. The asking price is $180,000. This well-established business, operating successfully for three years, is ready for a new owner. The sale includes all necessary equipment to immediately begin operations, eliminating the need for significant upfront investment. Equipment includes a 15-tray empire gas oven, a rotating oven, a gas range, two candy stoves, a three-door refrigerator, a two-door freezer, a salad prep refrigerator, a worktop refrigerator, three display refrigerators, three working tables, four sets of dining tables and chairs, and a cool drinks refrigerator. The property features twelve units and has a remaining lease term of five years. This presents a unique chance to acquire a ready-to-go business in a prime location, allowing for either continued operation as a bakery or the implementation of a new concept. The property is being sold "as is." This is an ideal opportunity for an ambitious entrepreneur seeking a profitable venture with minimal start-up costs. The property's location in Hicksville, NY offers excellent visibility and access to a thriving community.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1918
    Construction FRAME
    Total area 740 SF
    Lot 0.3 ac (13,199 SF)
    APN 12-305-00-0046
    UPID US63-2217147
    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
    • Grassi Sheet Metal Works Inc Production Facility Metal Fabrication Plant
    • Express Mini Mart Grocery & Convenience Store Food Market
    • Take it cheesy Restaurant
    • Western Union Bank Credit Union
    • Millennium Laundromat Corp (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $894k
    Blend (final) Blend
    $745k
    Owner & transaction history
    5 Bethpage Road LLC · 9 yrs held
    5 Bethpage Road LLC
    since 2017
    5 recorded transactions
    2017
    $1.7M
    2013
    $1.6M
    2006
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $650,000 +2.6%
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