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322 Jericho Tpke 2,182 SF 100% Leased Retail Building Floral Park, NY 11001 $1,526,217 CAD ($699.46 CAD/SF) 4.88% Cap Rate



Investment Highlights
- Mixed-use investment property in the Incorporated Village of Floral Park
- Three income-producing units
- Separate gas and electric meters for all three units
- Two second-floor 2-bedroom residential apartments
- Finished basement for additional storage or business use
- Each unit has its own boiler and hot water heater
Executive Summary
Income-producing mixed-use property in the heart of the Incorporated Village of Floral Park. Zoned B-2 Business, this exceptional investment opportunity features a first-floor commercial space currently occupied as a successful Art & Framing Gallery, plus two second-floor 2-bedroom residential apartments, offering multiple income streams in one of Nassau County's premier commercial corridors. The first-floor commercial space offers a spacious retail/showroom area, conference room, executive office, lunchroom, bathroom, powder room, and rear exit. Flexible floor plan offers future reconfiguration possibilities, subject to municipal approvals. The second floor consists of two separate 2-bedroom apartments, each featuring a living room, kitchen with dinette, full bath, foyer, and private entrance. The property also includes a finished basement, providing additional usable space for storage or business operations. All three units are separately metered for gas and electric and each has its own boiler and hot water heater. The building has been exceptionally maintained and is in turnkey condition, offering investors or owner-users immediate income with minimal capital improvements. Situated on a 20' x 100' lot with outstanding visibility along Jericho Turnpike, this property offers exceptional exposure for retail, office, or professional use while generating residential rental income. Conveniently located near the LIRR, major highways, shopping, restaurants, and other established businesses. Located in Flood Zone X (minimal flood hazard). An outstanding opportunity for investors or owner-users seeking a turnkey mixed-use property with strong income potential and long-term appreciation.
Financial Summary (Actual - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,182 SF
Building Class
C
Year Built
1926
Price
$1,526,217 CAD
Price Per SF
$699.46 CAD
Cap Rate
4.88%
NOI
$74,425 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.09
Lot Size
0.05 AC
Zoning
B2 - Neighborhood Business
Frontage
22’ on Jericho Tpke
Amenities
- Air Conditioning
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2007-32-070-00-0120-0 | Improvements Assessment | $3,484 CAD |
| Land Assessment | $874 CAD | Total Assessment | $4,358 CAD |
Property Taxes
Parcel Number
2007-32-070-00-0120-0
Land Assessment
$874 CAD
Improvements Assessment
$3,484 CAD
Total Assessment
$4,358 CAD
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322 Jericho Tpke
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