Contacts
B Square Realty
Property Details
- Property Type Mixed Use - Retail / Residential
- Property Size 3,000 SF
- Lot Size 0.05 Acre
- Taxes / YR $19,769.39
- Additional Rent $2,781
- Year Built 1949
- Year Renovated 2024
- Date Updated Apr 25, 2025
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.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Prime frontage on Jericho Turnpike with excellent daily vehicle and foot traffic.
- Located in a dense, established neighborhood with strong local customer demand.
- Quick and convenient access to major highways and surrounding Long Island towns.
- Close proximity to busy shopping centers, restaurants, and national retailers.
- Positioned in one of New Hyde Park’s most desirable commercial districts.
Getting around
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85/100
Walk Score ®
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55/100
Bike Score ®
Location
- City New Hyde Park, NY
- Neighborhood New Hyde Park
- Zip Code 11040
- Market Long Island
Points of Interest
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Track 3
0.43 miles
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Underpass
0.45 miles
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Track 2
0.48 miles
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Platform A
0.51 miles
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New Hyde Park
0.56 miles
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Platform B
0.77 miles
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Overpass
0.79 miles
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Platform C
0.83 miles
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Nassau Boulevard
1.61 miles
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Elmont
1.95 miles
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BP
0.44 miles
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GivnGo
0.49 miles
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Mobil
0.62 miles
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Shell
0.63 miles
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Sunoco
0.79 miles
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Metro Fuel
0.82 miles
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Exxon
0.84 miles
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USA
1.00 miles
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General Electric
3.49 miles
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01
3.83 miles
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New Hyde Park Municipal Parking
0.55 miles
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Spooner Street Parking Field
0.69 miles
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Creedmoor Spur Parking Field
0.91 miles
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FS-2
1.84 miles
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Hy Weinberg Car Park
2.20 miles
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St. Paul's Parking Lot
2.24 miles
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GC Hotel Parking
2.70 miles
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Parking Field 1
2.72 miles
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Parking Field 6
2.98 miles
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Parking Field 15
2.98 miles
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Paramount Inn
0.91 miles
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Floral Park Motor Lodge
1.10 miles
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Parkway Motor Inn
1.71 miles
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The Garden City Hotel
2.70 miles
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Ken's house
3.12 miles
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SpringHill Suites
3.91 miles
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700 Garden City Plaza
3.94 miles
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Homewood Suites by Hilton
3.96 miles
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Adria Hotel & Conference Center
4.17 miles
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Travelodge by Wyndham Manhasset
4.18 miles
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Stop & Shop
0.78 miles
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Key Food
0.89 miles
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Apna Bazar
0.95 miles
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King Kullen
0.97 miles
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Premium Supermarket
1.12 miles
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Maharaja Farmers Market
1.27 miles
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Cammps
1.32 miles
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Patel Brothers
1.34 miles
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Maharaja Farmer's Market
1.41 miles
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Shop Fresh Supermarket
1.50 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
B Square Realty
