New Listing - 04/25/2025
231 Jericho Tpke, Old Westbury, (New Hyde Park), NY, 11040
1949
Prime Investment Opportunity in New Hyde Park This turnkey mixed-use property on Jericho Turnpike offers food business owners a complete solution with a newly renovated first-floor commercial space featuring a move-in ready commercial kitchen including professional equipment and new split AC system. The space is ideally configured for pho, rice noodles, mala hot pot, or a turnkey bubble tea shop with all professional equipment, and comes ready for immediate operation. The second floor provides stable rental income with a spacious 5 bedroom 2 bathroom unit currently occupied by reliable long-term tenants whose rent helps cover property expenses. Located in New Hyde Park's bustling commercial district, this high-visibility property benefits from excellent foot traffic and convenient highway access while serving an established neighborhood with strong customer demand. The solid brick building has been completely upgraded with modern improvements throughout, offering both commercial and residential potential in one package. This unique investment delivers dual income streams - run your restaurant business downstairs while the residential unit upstairs generates consistent rental income. With the upstairs unit helping offset ownership costs and the prime location ensuring business visibility, this turnkey property presents a low-risk opportunity with both immediate cash flow and long-term appreciation potential in a desirable Long Island location.
Status:
Active
Town:
Old Westbury
Type:
Commercial
Heating:
Forced Air, Oil
Cooling:
Ductless
Basement:
Walk-Out Access
Levels:
2
Acreage:
0.05
Est. Taxes:
$19,796
Construction
Other
Utilities
See Remarks
MLS #:
850623
Community Info
School Info
Walk Score
Mass Transit
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Listing courtesy of B Square Realty Inc 646-889-9988