191 Herricks Rd - Medical FOR SALE


New Hyde Park, NY 11040
$4,150,000 USD
516-279-8828
191 Herricks Rd, New Hyde Park, NY for Sale
$4,150,000 USD
Medical - FOR SALE
1/25
null | 8.73% Cap Rate

191 Herricks Rd
New Hyde Park, NY 11040


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!! MINT NNN Medical Building On Herricks Road For Sale!!!
  • The Property Features Excellent Signage, Great Exposure, 38 Parking Spaces, High 12’ Ceilings, New Roof, 3 Phase Power, Private Parking Lot, +++!!!
  • The Property Is Located In The Heart Of New Hyde Park On Busy Herricks Road Just 1 Block From Jericho Tpke.!!!
  • The Property Is Currently Home To A Successful Medical Group That Has Over 22 Locations!!!
  • Neighbors Include Starbucks, UPS, Chase Bank, Citi, Buick -GMC, T-Mobile, Northwell Health, Stop & Shop, ShopRite, 7-Eleven, Dunkin’, +++!!!
  • This Property Offers HUGE Upside Potential!!

OVERVIEW

Calling All Investors, Developers & End-Users!!! MINT NNN Medical Building On Herricks Road For Sale!!! The Property Features Excellent Signage, Great Exposure, 38 Parking Spaces, High 12’ Ceilings, New Roof, 3 Phase Power, Private Parking Lot, Accessible Bathroom, Strategically Placed Curb Cut, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of New Hyde Park On Busy Herricks Road Just 1 Block From Jericho Tpke.!!! Neighbors Include Starbucks, UPS, Chase Bank, Citi, Buick -GMC, T-Mobile, Northwell Health, Stop & Shop, ShopRite, 7-Eleven, Dunkin’, Extra Space Storage, Tropical Smoothie Cafe, Applebee’s Bar & Grill, Taco Bell, Walgreens, Petco, LA Fitness, King Kullen, McDonald’s, Shake Shack, Jiffy Lube, Jersey Mike’s, Lidl, ++!!! The Property Is Currently Home To A Successful Medical Group That Has Over 22 Locations!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Square Care Medical Group: $312,000 NNN Ann.; 3-10% Ann. Inc.; Lease Exp.: 1/21/28; Mammography: $50,400 Ann.; 3-10% Ann. Inc.; Lease Exp.: 1/21/28. Gross Income: $362,400 Ann. Expenses: Oil: $0 (NNN Lease) Electric: $0 (NNN Lease) Water: $0 (NNN Lease) Maintenance & Repairs: $0 (NNN Lease) Insurance: $0 (NNN Lease) Taxes: $0 (NNN Lease) Total Expenses: $0 (NNN Lease) Net Operating Income (NOI): $362,400 Ann. (8.73% Cap!!!)

FOR SALE DETAILS

PRICE

$4,150,000 USD

PRICE/SF

$745 USD /SF

CAP RATE

8.73%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,647 SF

ZONING

-

APN/PARCEL ID

2289-33-170-00-0009-0

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.