220 Old Country Road, Mineola, NY 11501
- $4,800,000
- List Price
- $4,800,000
- Status
- ACTIVE
- MLS#
- 1029196
- Year Built
- 1952
- Days on Market
- 5
- Acres
- 0.21
- County
- Nassau
- City Orig
- Mineola
- Lot Size
- 9100
Property Description
LOCATED ON ONE OF NASSAU COUNTY'S MOST RECOGNIZED COMMERCIAL CORRIDORS, 220 OLD COUNTRY ROAD PRESENTS A RARE VALUE-ADD INVESTMENT OPPORTUNITY IN THE HEART OF MINEOLA. THIS WELL-MAINTAINED 13,000-SQUARE-FOOT POFESSIONAL OFFICE BUILDING COMBINES STABLE-IN-PLACE INCOME WITH SUBSTANTIAL UPSIDE THROUGH LEASE ROLLOVER AND THE LEASE-UP OF MULTIPLE VACANT SUITES. THE BUILDING HAS BENEFITED FROM SEVERAL MAJOR CAPITAL IMPROVEMENTS, INCLUDING TWO RECENTLY INSTALLED ROOFTOP HVAC UNITS AND A NATURAL GAS BOILER APPROX 6 YEARS OLD, REDUCING NEAR-TERM CAPITAL EXPENDITURE REQUIREMENTS. THE SECONG FLOOR, COMMON AREAS, AND RESTROOMS WERE RENOVATED APPROXIMATELY EIGHT YEARS AGO, CREATING A MODERN AND PROFESSIONAL ENVIRONMENT FOR TENANTS AND VISITORS ALIKE. THE PROPERTY IS FURTHER ENHANCED BY ITS SOLID BRICK EXTERIOR, PROVIDING LONG-TERM DURABILITY AND LOW MAINTENANCE OWNERSHIP. SITUATED ALONG HEAVILY TRAVELED OLD COUNTRY ROAD, THE PROPERTY ENJOYS EXCEPTIONAL VISIBITY AND CONVENIENT ACCESS TO MINEOLA, GARDEN CITY, MAJOR HIGHWAYS, THE LONG ISLAND RAIL ROAD, NASSAU COUNTY OFFICES, NYU LANGONE HOSPITAL-LONG ISLAND, AND NUMEROUS LEGAL, MEDICAL, AND PROFESSIONAL BUSINESSES. THE CENTRAL LOCATION MAKES IT AN ATTRACTIVE DESTINATION FOR A WIDE VARIETY OF OFFICE USERS.
Additional Information
- Heating
- Natural Gas
- Cooling
- Central Air
- Sewer
- Public Sewer
- Elementary School
- Hemlock School
- Middle School
- Garden City Middle School
- High School
- Garden City High School
- School District
- Garden City
- Sq Ft
- 9100
- Taxes
- $62,016
- Water
- Public
Mortgage Calculator
Listing courtesy of Listing Agent: Joy B. Kannett (Joy@pbtrealty.com) from Listing Office: Precise Building Tech Corp.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.