PRIME NASSUAU COUNTY CORNER BUILDING WITH PARKING LOT FOR SALE



Description:

New York Residence, Inc. is pleased to exclusively present for sale 140-144 Jericho Turnpike; a free standing corner one-story commercial building at a four-way traffic light on the Northeast corner of Jericho Turnpike and Willis Avenue in the Village of Mineola. The building sits on a 22,974-square foot lot with approximately 11,545-square foot building with and a parking lot in the rear that can accommodate 32 vehicles. There's approximately 11,353-square foot basement as well. The building and the parking lot are on separate tax lots.

Originally built as a single store supermarket in 1940, this Nassau County building was later subdivided. The current configuration consists of five retail spaces. One of the five spaces is leased on a month-to-month basis to a shower retailer. The restaurant next door leases the parking lot for use after 7pm. The terms of this lease are also on a month-to-month basis. This entire property can be delivered vacant.

140-144 Jericho Turnpike presents a fantastic opportunity for an owner-user, a national brand tenant, or developer in a solid neighborhood with great demographics, excellent visibility, and exceptionally high traffic counts.

It's located on a high-density major retail corridor at a four-way traffic light corner in the heart of the Mineola business district. Public transportation is within close proximity. All types of businesses are within walking distance such as cafes, retailers, medical offices, business offices, and more.

Specifics:

Shower Door- Retailer Month-to-Month Lease $2,882/month = $34,584 Gross Annual Rent Bairrada Restaurant- Parking Lot Use Month-to-Month Lease $1,500/month = $18,000 Gross Annual Rent Real Estate Taxes for 2015: $124,224.02 Projected Insurance $10,000 Annually Projected Maintenance and Repairs $3,000 Annually

140-144 Jericho Turnpike, Mineola, New York 11501


Price: $5,000,000
11353 ft2 / 1054.7 m2
Mineola
Commercial Buildings


5 PEOPLE ARE LOOKING AT THIS PROPERTY AT THE MOMENT

Marlon Suarez
212.360.7000, ext. 135
646.286.5822

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