322 Jericho Tpke - Storefront Retail/Residential FOR SALE


Floral Park, NY 11001
$1,100,000 USD
516-746-0440
322 Jericho Tpke, Floral Park, NY for Sale
$1,100,000 USD
Storefront Retail/Residential - FOR SALE
1/22
null | 4.88% Cap Rate

322 Jericho Tpke
Floral Park, NY 11001


HIGHLIGHTS

  • Mixed-use investment property in the Incorporated Village of Floral Park
  • Two second-floor 2-bedroom residential apartments
  • Three income-producing units
  • Finished basement for additional storage or business use
  • Separate gas and electric meters for all three units
  • Each unit has its own boiler and hot water heater

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$504 USD /SF

CAP RATE

4.88%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,000 SF

ZONING

B2

APN/PARCEL ID

2007-32-070-00-0120-0

ASK ABOUT THIS PROPERTY

James ChungDouglas EllimanMore Info
516-746-0440

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

James ChungDouglas EllimanMore Info
516-746-0440

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