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    FOR LEASE
    Office buildings

    87 Bethpage Rd, Hicksville, NY 11801

    6,075 SF 1 ac lot Built 1959
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US63-1904290
    No photos on file
    For Lease
    $3,575,000
    87 Bethpage Rd, Hicksville, NY 11801
    View Listing →
    Property summary
    AI-generated overview

    This single-story, 13,300-square-foot office building at 87 Bethpage Road in Hicksville, NY, presents a unique investment opportunity. Built in 1963 and renovated in 1984, the property sits on one acre of land and is zoned L1. The building offers a versatile layout suitable for various office uses, including medical, executive, and traditional office spaces. Currently, there is one available space of 6,100 square feet, but the building is configured for multiple tenants. The property boasts 65 total parking spaces, providing ample convenience for employees and clients. Its location in Nassau County offers easy access to the Hicksville Long Island Rail Road (LIRR) station, a short walk from the building, ensuring convenient commuting options. The property's diverse zoning and adaptable space make it an ideal choice for a range of businesses seeking a well-maintained and conveniently located office space in a thriving area. The building's history and recent renovations combine to offer a blend of character and modern functionality.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1959
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 6,075 SF
    Lot 1 ac (43,691 SF)
    APN 12-623-00-0014
    UPID US63-1904290
    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
    • Ny Rarities Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
    • Diplomat Electronics Inc Electrical Service Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $3.74M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.47M
    Blend (final) Blend
    $3.58M
    Owner & transaction history
    87 Bethpage Road LLC · 4 yrs held
    87 Bethpage Road LLC
    since 2022
    Last sale
    $3.5M
    3 recorded transactions
    2022
    $3.5M
    2022
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $5.4M +13.6%
    Neighborhood: shopping center $5.3M +12.2%
    Commercial (general) $5.2M +9.4%
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    More about this property
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