Property profile

705 Middle Neck Rd Great Neck, NY 11023

FOR LEASE
Office buildings
Property ID
US63-3474189
2,495 SF 0.06 ac lot Built 1910
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property at 705 Middle Neck Road, Great Neck, NY 11023, offers 25,000 square feet of versatile office space, ideal for a variety of businesses. Recently renovated in 2022, the building boasts modern amenities and a prime location on a corner lot at the intersection of Middle Neck Road and Hicks Lane, ensuring high visibility and accessibility. The property features three suites within a four-building complex, with a minimum divisible space of 800 square feet and a maximum contiguous space of 13,000 square feet, providing flexibility for businesses of all sizes. Currently, 13,000 square feet is available. The building's three stories offer a 9-foot ceiling height, and the updated entrance includes high-tech finishes and a reception area with direct elevator access. The 0.8-acre lot provides ample space, and 25 private parking spaces are available for tenants and their clients. The building is conveniently located near major businesses such as Chase Bank, True Value, 7-Eleven, and the USPS, and benefits from public transportation access. Built in 1910, this Class B property offers a blend of historical charm and modern functionality, making it an attractive option for businesses seeking a prestigious and convenient location in Great Neck. The space is currently in shell condition, allowing for customization to meet specific tenant needs. Air conditioning is available.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1910
Construction FRAME
Total area 2,495 SF
Lot 0.06 ac (2,492 SF)
APN 01-088-00-0475
UPID US63-3474189

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
  • Clothing Store

Location

705 Middle Neck Rd Great Neck, NY 11023
Great Neck metro Census 300400 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.32M

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $2.2M +24.3%

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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