79 W Old Country Rd - Office FOR SALE


Hicksville, NY 11801
$750,000 USD
631-425-1233
79 W Old Country Rd, Hicksville, NY for Sale
$750,000 USD
Office - FOR SALE
1/7
null | Request Cap Rate

79 W Old Country Rd
Hicksville, NY 11801


HIGHLIGHTS

  • 100% leased single-tenant asset through January 2028 with 2% annual rent increases
  • Prominent corner location with ±100' of Old Country Road frontage and two curb cuts
  • ±20 on-site parking spaces plus ±800 SF of additional below-grade storage
  • Below-market contractual rent creates future mark-to-market, re-leasing or owner-user optionality

OVERVIEW

As exclusive agent, Cushman & Wakefield is pleased to offer for sale 79 West Old Country Road, a fully occupied single-tenant office and community facility asset at the southeast corner of West Old Country Road and Frevert Place in Hicksville, New York. The sale is being conducted by a court-appointed receiver. The Property contains approximately 2,284 square feet above grade, plus approximately 800 square feet of basement storage, on a 0.21-acre corner site with approximately 20 surface parking spaces. The building is leased to Hicksville Teenage Youth Council, Inc., operating as the Hicksville Boys & Girls Club, through January 2028 under a modified gross lease. The offering combines current contractual income with long-term flexibility. Contract rent is below the current market rent, creating potential future mark-to-market or owner-user value, subject to the existing lease, renewal rights, leasing costs, capital requirements and market conditions.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$243 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1923

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

-

APN/PARCEL ID

2489-46-262-00-0080-0

ASK ABOUT THIS PROPERTY

Daniel AbbondandoloCushman & WakefieldMore Info
631-425-1233

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Daniel AbbondandoloCushman & WakefieldMore Info
631-425-1233

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