231 Jericho Tpke - Storefront Retail/Residential FOR SALE


New Hyde Park, NY 11040- North New Hyde Park
$1,288,000 USD
347-628-8818
231 Jericho Tpke, New Hyde Park, NY for Sale
$1,288,000 USD
Storefront Retail/Residential - FOR SALE
1/12
null | Request Cap Rate

NEW


231 Jericho Tpke
New Hyde Park, NY 11040
North New Hyde Park


HIGHLIGHTS

  • Turnkey restaurant space-Ready-to-use commercial kitchen with professional equipment.
  • Dual income streams-Restaurant downstairs + rented residential unit upstairs.
  • Prime location, High visibility, strong foot traffic

OVERVIEW

Prime Investment Opportunity in New Hyde Park This turnkey mixed-use property on Jericho Turnpike offers food business owners a complete solution with a newly renovated first-floor commercial space featuring a move-in ready commercial kitchen including professional equipment and new split AC system. The space is ideally configured for pho, rice noodles, mala hot pot, or a turnkey bubble tea shop with all professional equipment, and comes ready for immediate operation. The second floor provides stable rental income with a spacious 5 bedroom 2 bathroom unit currently occupied by reliable long-term tenants whose rent helps cover property expenses. Located in New Hyde Park's bustling commercial district, this high-visibility property benefits from excellent foot traffic and convenient highway access while serving an established neighborhood with strong customer demand. The solid brick building has been completely upgraded with modern improvements throughout, offering both commercial and residential potential in one package. This unique investment delivers dual income streams - run your restaurant business downstairs while the residential unit upstairs generates consistent rental income. With the upstairs unit helping offset ownership costs and the prime location ensuring business visibility, this turnkey property presents a low-risk opportunity with both immediate cash flow and long-term appreciation potential in a desirable Long Island location.

FOR SALE DETAILS

PRICE

$1,288,000 USD

PRICE/SF

$274 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,350 SF

ZONING

-

APN/PARCEL ID

2227-08-040-00-0034-0

ASK ABOUT THIS PROPERTY

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347-628-8818

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Barbie LiB Square RealtyMore Info
347-628-8818

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