220 Old Country Road, North Hempstead, NY, 11501
$4,800,000
activeLot Size
9,100 sqft
Year Built
1952
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
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.
Listed by Joy B. Kannett, Precise Building Tech Corp
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