Project Description

Mixed-Use Building in Mineola, NY

228-234 Old Country Road, Mineola, New York 11501

Executive Summary:

Price: $3,740,000
Building Size: 8,000 SF
Property Type: Mixed-Use
Lot Size: 0.11 Acres
Year Built: 1949
Cap Rate: 6.21%
NOI: $232,271
Location:
228-234 Old Country Rd
Mineola, NY 11501

Property Highlights

  • Heart of Downtown Mineola
  • Tenants Contribute to Taxes, CAM, & Insurance
  • Tenants Have Rental Increases & Options
  • On Site Parking Lot Behind Building
  • Sits on The Corner of a Busy Signalized Intersection
  • Near LIRR Station, Government Courts &Offices, And Other Amenities

Property Overview

American Investment Properties is retained to sell 228-234 Old Country Road in Mineola, New York. At this location you’ll find a mixed-use building with retail storefronts and office suites above. This is a great investment opportunity in the heart of downtown Mineola.

The retail tenants at this location contribute to taxes, common area maintenance, and insurance. Additionally, tenants have annual rent increases and options to extend their lease.

This property sits right on the busy Old Country Road, on the corner of a signalized intersection and only one block away from the major intersection of Mineola Blvd and Old Country Rd.

The Mineola LIRR Station is just 3 minutes in walking distance. Surrounding the building are major Nassau County offices and courts, banks, office buildings, apartment buildings, and more (see property features).

About Mineola

Mineola is an incorporated village located in Nassau County, Long Island, New York. It is within both the Town of Hempstead and the Town of North Hempstead. The legislative body of the village is composed of the mayor and four trustees.

As of the 2010 census, there were 18,799 people, 7,386 households and 5,005 families residing in the area. The median income for a household in the village was $79,036 and the median income for a family was $97,545. Males had a median income of $57,169 and $54,898 for females.

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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