300 Wheeler Rd - Loft/Creative Space FOR SALE


Hauppauge, NY 11788
$8,750,000 USD
631-255-9343
300 Wheeler Rd, Hauppauge, NY for Sale
$8,750,000 USD
Loft/Creative Space - FOR SALE
1/24
null | Request Cap Rate

NEW


300 Wheeler Rd
Hauppauge, NY 11788


HIGHLIGHTS

  • Turnkey 10,000 SF Corporate Headquarters Available at Closing
  • Extensive Multi-Million Dollar Capital Improvement Program
  • Prime Hauppauge Business District Location
  • Direct Long Island Expressway Visibility (Exit 56) with Great Signage Potential
  • Ideal Headquarters Opportunity with Rental Income from Remaining Tenants
  • Over 225 Parking Spaces (Approximately 5:1 Parking Ratio)

OVERVIEW

A rare opportunity to acquire a premier 40,000 SF office building in the heart of Hauppauge's thriving business district. Offered at $8.75 million, this property is being delivered with an extensive capital improvement program that will provide its next owner with a truly turnkey asset. Upgrades include **brand-new elevator mechanics and cabs, a completely upgraded HVAC system throughout the building, four new boilers, renovated lobby areas, a brand-new parking lot, new exterior stucco, a new roof, a new garbage enclosure, new exterior landings (construction beginning August 5), a new camera surveillance and key fob access system, and newly built-out suites 201, 204, 301, and 303.** For an owner-user, the opportunity is even more compelling, as the property will be delivered with a **fully renovated, approximately 10,000-square-foot top-floor suite available for immediate occupancy at closing**, allowing your business to establish a first-class corporate headquarters while benefiting from the income generated by the remaining tenants. Positioned just minutes from the Long Island Expressway and major transportation routes, 300 Wheeler Road offers exceptional accessibility, strong surrounding demographics, and the prestige of one of Long Island's most desirable commercial locations. Opportunities to acquire a substantially renovated, income-producing office building with immediate owner-user occupancy in Hauppauge are exceptionally limited.

FOR SALE DETAILS

PRICE

$8,750,000 USD

PRICE/SF

$219 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Expressway Office

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

225

LAND DETAILS

LAND ACRES

2.79 AC

LAND SF

121,532 SF

ZONING

BU2

APN/PARCEL ID

0500-039-00-02-00-023-001

ASK ABOUT THIS PROPERTY

Allen BoulosEvernest Realty Inc.More Info
631-255-9343

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Allen BoulosEvernest Realty Inc.More Info
631-255-9343

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