589 Main St, Westbury, NY 11590-4900
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.
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Freund Woodworking Co General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
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