575 Jericho Tpke 32,400 SF 93% Leased Office Building Jericho, NY 11753 $12,327,390 CAD ($380.47 CAD/SF)

Marcus & Millichap is pleased to present for sale 575 Jericho Turnpike (“the Subject Property”), a well-located professional office building in the highly desirable hamlet of Jericho, NY.
The asset sits on a 2.13-acre parcel and contains approximately 32,400 square feet across three stories. Currently 93% occupied with one remaining vacancy, the property offers both stable in-place income and immediate upside through lease-up. The building benefits from a strong surface parking ratio of 4.07 spaces per 1,000 square feet, supported by 132 dedicated spaces—an increasingly valuable feature in Nassau County’s constrained office supply.
Demand drivers in the surrounding area further enhance the investment profile. Jericho is anchored by a deep concentration of corporate offices, medical practices, national retailers, and high-performing service businesses along Jericho Turnpike, one of Long Island’s most established commercial corridors. The property also benefits from exceptional regional connectivity, with direct access to the Long Island Expressway, Northern State Parkway, and major east-west arterials that draw tenants and customers from across Nassau County.
The local demographic base is exceptionally strong, with approximately 85,000 residents within a three-mile radius and average household incomes of roughly $196,000. This combination of density and affluence supports durable tenant demand and long-term rent growth potential.
With its combination of scale, parking, occupancy stability, and prime Nassau County location, 575 Jericho Turnpike represents a compelling opportunity for investors seeking a well-performing suburban office asset with both immediate cash flow and value-add potential.