950 Jericho Tpke, Westbury, NY 11590-1528
This exceptional investment opportunity presents a two-story, 2,906 square foot office building situated on a 6,150 square foot lot at 950 Jericho Turnpike in Westbury, New York, zip code 11590. Built in 1958, the property boasts excellent visibility and signage on a heavily trafficked thoroughfare, benefiting from easy access to the Long Island Expressway and Northern State Parkway. Currently configured as a multi-tenant building, the first floor houses four tenants on month-to-month leases, while the second floor features a single tenant with a private entrance, also on a month-to-month lease. The building can be delivered vacant, offering flexibility for the new owner. The property includes 12 parking spaces and is zoned for Business A use. With a total asking price of $1,450,000, this translates to a price per square foot of $498.97. This lender-owned property presents a compelling opportunity for investors seeking a well-located, adaptable commercial space in a thriving Nassau County market. The building's existing tenant structure provides immediate income potential, while the vacant delivery option allows for complete customization and repositioning to suit a variety of business needs.
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Manners & Malone, PLLC Law Firm
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David Ullman, P.C. Law Firm
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oof repairs llc Mobile Phone Store Electronics & Wireless Store
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Iglesia Faro & Vida Church
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Amecan Inc. Financial Advisor
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.