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228-234 Old Country Rd 8,000 SF 63% Leased Retail Building Mineola, NY 11501 $5,184,375 CAD ($648.05 CAD/SF) 6.40% Cap Rate
INVESTMENT HIGHLIGHTS
- AAA Location on lighted corner in Mineola
- Ideal user building with flexible second story office space
- Significant lease term remaining on all retail tenants. Tenants have completed their own buildouts at significant cost
- possible conversion of office space into multifamily
EXECUTIVE SUMMARY
Prime property for either investor or end user. AAA Location on Old Country Road in Mineola. This property is centrally located within steps from the county courthouses, Mineola LIRR station and NYU Langone Hospital.
For an investor who would prefer multifamily, the Village of Mineola would consider an application to convert the second story office into residential as well as a possible expansion of the building.
For an investor who would prefer multifamily, the Village of Mineola would consider an application to convert the second story office into residential as well as a possible expansion of the building.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,000 SF
Building Class
C
Year Built
1949
Price
$5,184,375 CAD
Price Per SF
$648.05 CAD
Cap Rate
6.40%
NOI
$332,050 CAD
Percent Leased
63%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.97
Lot Size
0.19 AC
Zoning
Commercial
Parking
16 Spaces (2 Spaces per 1,000 SF Leased)
Frontage
8’ on Old Country Rd
AMENITIES
- 24 Hour Access
- Bus Line
- Commuter Rail
- Corner Lot
- Fenced Lot
- Restaurant
- Signage
- Signalized Intersection
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
$25.50 PSF Full-Service Gross
| Space | Size | Space Use | Position | Available |
| 2nd Floor | 1,000-2,935 SF | Office | - | Now |
2nd Floor
| Size |
| 1,000-2,935 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size | 1,000-2,935 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
$25.50 PSF Full-Service Gross
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
ConnectOne Bank
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228-234 Old Country Rd
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