Property profile

589 Main St Westbury, NY 11590

OFF-MARKET
Flex space
Property ID
US63-3458036
451 SF 0.46 ac lot Built 1951
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This fee-simple industrial warehouse, located at 589 Main St, Westbury, NY 11590, presents a compelling owner-user opportunity. The 12,525-square-foot building sits on a 0.46-acre lot and features a 16-foot ceiling height, providing ample space for various industrial uses. Built in 1951, this Class B property boasts four dock-high doors, facilitating efficient loading and unloading. The property currently has 100% occupancy but will be delivered vacant upon sale. Its strategic location offers easy access to major transportation arteries, including I-495 (3 miles), the Northern State Parkway, and the Meadowbrook State Parkway (both approximately 2 miles away). The property is zoned Industrial B and includes 600 amps of power. With a strong demographic profile in the surrounding area (over 140,000 people within a three-mile radius and an average household income exceeding $156,000), this warehouse offers significant potential for growth and profitability. The asking price is $3,500,000. This single-unit building is comprised of two structures, each one story high. Further details are available upon request.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1951
Construction STEEL FRAME
Total area 451 SF
Lot 0.46 ac (19,994 SF)
APN 11-174-00-0037
UPID US63-3458036

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
  • General Contractor

Location

589 Main St Westbury, NY 11590-4900
Westbury metro Census 304202 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 2025
Last sale
$3.0M
1 recorded transaction
2025
$3.0M

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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