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575 Jericho Tpke 32 400 pi² 93% Loué Bureau Immeuble Jericho, NY 11753 12 327 390 $ CAD (380,47 $ CAD/pi²)



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Faits saillants de l'investissement
- The asset sits on a 2.13-acre parcel and contains approximately 32,400 square feet across three stories.
- The property also benefits from exceptional regional connectivity, with direct access to the LIE (I-495) & Northern State Parkway.
- The building benefits from a strong surface parking ratio of 4.07 spaces per 1,000 square feet, supported by 132 dedicated spaces.
- Approximately 85,000 residents within a three-mile radius and average household incomes of roughly $196,000.
Résumé de l'annonce
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.
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.
Faits sur la propriété
Type de vente
Investissement ou propriétaire utilisateur
Type de propriété
Bureau
Taille du bâtiment
32 400 pi²
Classe d’immeuble
B
Année de construction
1969
Prix
12 327 390 $ CAD
Prix par pi²
380,47 $ CAD
Pourcentage loué
93%
Location
Multiples
Hauteur du bâtiment
3 étages
Superficie de plancher typique
10 800 pi²
Coefficient d’occupation des sols de l’immeuble
0,35
Taille du lot
2,13 AC
Zonage
Off
Stationnement
132 places (4,07 places par 1 000 pi² loué)
Disponibilité des espaces
- Espace
- Taille
- Utilisation de l’espace
- Aménagement
- Disponible
-Split level colonial style building -Corporate Identity available for Full Floor use -Owner occupied building -Minutes to banks and restaurants -Close proximity to the LIE
| Espace | Taille | Utilisation de l’espace | Aménagement | Disponible |
| 2e étage | 2 433 pi² | Bureau | - | Maintenant |
2e étage
| Taille |
| 2 433 pi² |
| Utilisation de l’espace |
| Bureau |
| Aménagement |
| - |
| Disponible |
| Maintenant |
2e étage
| Taille | 2 433 pi² |
| Utilisation de l’espace | Bureau |
| Aménagement | - |
| Disponible | Maintenant |
-Split level colonial style building -Corporate Identity available for Full Floor use -Owner occupied building -Minutes to banks and restaurants -Close proximity to the LIE
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Assez praticable à pied
50/100
Exceptionnellement facile d’accès en voiture
100/100
Transports en commun très limités
10/100
Plutôt praticable en vélo
40/100
Impôts fonciers
| Numéro de lot | 2489-12-533-00-0013-0 | Évaluation des bâtiments | 24 464 $ CAD |
| Évaluation du terrain | 24 252 $ CAD | Évaluation totale | 48 717 $ CAD |
Impôts fonciers
Numéro de lot
2489-12-533-00-0013-0
Évaluation du terrain
24 252 $ CAD
Évaluation des bâtiments
24 464 $ CAD
Évaluation totale
48 717 $ CAD
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575 Jericho Tpke
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