Project Description

SOLD: Vacant Medical Office Building in Hicksville, NY

372 S Oyster Bay Rd, Hicksville, NY 11801

Executive Summary:

Price: $1,099,000
Building Size: 3,110 SF
Property Type: Medical Office
Lot Size: 0.21 Acres
Year Built/Renovated: 1951/2013
Cap Rate: N/A
NOI: N/A
Location: 372 S Oyster Bay Rd, Hicksville, NY 11801

Investment Highlights

  • Building Will Be Delivered Vacant at Sale
  • Prime Location For Medical Professionals
  • Able to Build 2,200 SF & More Parking Spaces
  • Near Major Highways & Surrounded by Retail Amenities

Investment Details

American Investment Properties is retained to sell 372 S Oyster Bay Rd, in Hicksville, New York. At this location is a pristine medical office property, renovated in 2013. At the point of sale it will be delivered vacant. This is a great investment opportunity for a medical professional seeking a private space.

There is the right to build an additional 2,200 SF and 6 parking spaces, to accommodate more traffic. The existing structure is in great condition. It features a recently installed hot water heater, HVAC systems, and roofing.

S Oyster Bay Road is a busy roadway with 28,000 cars passing by each day. There is a signalized intersection nearby that stops traffic in front the property and allows for safe entrance or exit for drivers. Additionally, it’s under a 5 minute drive from 3 major highways. Right across the street you’ll find a major shopping center with retail stores, restaurants, banks and more.

About Hicksille’s Revitalization

  • $121M Long Island Rail Road Station Renovation
  • 23 Potential Projects – Totaling Over $230 Million
  • Mixed-Use Projects – Luxury Apartments & Retail

About Hicksville, New York

Hicksville is a hamlet and census-designated place located in Nassau County, Long Island, New York. As of 2010 census, there are 41,547 people, 13,511 households, and 11,027 families represent 79.1% of the population giving Hicksville a higher than average concentration of families.

The median income for a household in the CDP was $89,073 and the median income for a family was $104,063. Males had a median income of $63,965 and just $48,853 for females.

There are lots of retail shops in Hicksville together with restaurants,a couple of museums, recreation areas such as Cantiague Park, a major train station and access to the major highways. Homes in Hicksville have different architectural styles and affordable prices. There are also improvements in the area that include new bus shelters, tree plantings and beautification projects under the Hicksville Hamlet plan which was approved in 2004.

Contact Broker

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
President
Ron@aiprops.com
(O) 516.393.2300 x202
(F) 516.390.5780

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