North Hempstead, NY 11501

Property

Ownership: For Sale
Type: Unknown
Lot Size: 0.2 Acres

Financials

Price:$4,800,000
Annual Taxes:$62,016.26
6243 Northern Blvd
Phone:
Listing Courtesy of Precise Building Tech Corp

LOCATED ON ONE OF NASSAU COUNTY'S MOST RECOGNIZED COMMERCIAL CORRIDORS, 220 OLD COUNTRY ROAD PRESENTS A RARE VALUE ADD INVESTMENT OPPORTUNITY IN THE HEART OF MINEOLA.

Description

LOCATED ON ONE OF NASSAU COUNTY'S MOST RECOGNIZED COMMERCIAL CORRIDORS, 220 OLD COUNTRY ROAD PRESENTS A RARE VALUE-ADD INVESTMENT OPPORTUNITY IN THE HEART OF MINEOLA. THIS WELL-MAINTAINED 13,000-SQUARE-FOOT POFESSIONAL OFFICE BUILDING COMBINES STABLE-IN-PLACE INCOME WITH SUBSTANTIAL UPSIDE THROUGH LEASE ROLLOVER AND THE LEASE-UP OF MULTIPLE VACANT SUITES. THE BUILDING HAS BENEFITED FROM SEVERAL MAJOR CAPITAL IMPROVEMENTS, INCLUDING TWO RECENTLY INSTALLED ROOFTOP HVAC UNITS AND A NATURAL GAS BOILER APPROX 6 YEARS OLD, REDUCING NEAR-TERM CAPITAL EXPENDITURE REQUIREMENTS. THE SECONG FLOOR, COMMON AREAS, AND RESTROOMS WERE RENOVATED APPROXIMATELY EIGHT YEARS AGO, CREATING A MODERN AND PROFESSIONAL ENVIRONMENT FOR TENANTS AND VISITORS ALIKE. THE PROPERTY IS FURTHER ENHANCED BY ITS SOLID BRICK EXTERIOR, PROVIDING LONG-TERM DURABILITY AND LOW MAINTENANCE OWNERSHIP. SITUATED ALONG HEAVILY TRAVELED OLD COUNTRY ROAD, THE PROPERTY ENJOYS EXCEPTIONAL VISIBITY AND CONVENIENT ACCESS TO MINEOLA, GARDEN CITY, MAJOR HIGHWAYS, THE LONG ISLAND RAIL ROAD, NASSAU COUNTY OFFICES, NYU LANGONE HOSPITAL-LONG ISLAND, AND NUMEROUS LEGAL, MEDICAL, AND PROFESSIONAL BUSINESSES. THE CENTRAL LOCATION MAKES IT AN ATTRACTIVE DESTINATION FOR A WIDE VARIETY OF OFFICE USERS.

Amenities

  • Cable - Available
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.