23
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$3,050,000
Est. payment /mo
0.33 Acres Lot
New
313 W Old Country RD Hicksville, NY 11801
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Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1060453
Rental Info No
Year Built 1963
Annual Tax Amount $99,388
Lot Size 0.330 Acres
Acres 0.3298
Property Sub-Type Office
Source onekey2
Property Description
Freestanding, 100% leased office building at 313 West Old Country Road, Hicksville. Approx. 10,284 SF: 5,142 SF of first-floor offices plus a 5,142 SF multi-use office basement, on a 14,364 SF lot with approx. 35 on-site parking spaces. Leased to three tenants; the two largest leases (approx. 92% of rent) are triple net, with tenants paying their share of real estate taxes, insurance and common area maintenance. Current annual rent approx. $303,480 with 3% annual increases, a 9.95% cap rate at the asking price. Anchor tenant leases two-thirds of the building through 3/2029 with a 5-year renewal option. Old Country Road frontage on a primary Long Island office and retail corridor, near the Hicksville LIRR station. Financial package available upon execution of a confidentiality agreement. Tenant occupied; 24-hour notice required for showings.
Location
State NY
County Nassau County
Rooms
Basement Finished, Full
Interior
Heating Hot Air
Cooling Central Air
Fireplace No
Exterior
Parking Features Off Street
Utilities Available Electricity Connected, Water Connected
Total Parking Spaces 35
Building
Story 1
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Other
Schools
High Schools Hicksville
School District Hicksville
Others
Special Listing Condition None
Listed by Yaos Realty LLC • Jianfeng Yao
NEARBY SCHOOL & BUSINESS
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