Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2215/ Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing, retail/office building located at 4010 Hempstead Turnpike in Bethpage, Nassau County, New York (the “Property”). This Property is offered significantly below replacement cost, making it an attractive owner/user or investment opportunity with substantial value enhancement potential. Built in 1967, the Property is improved with a free-standing, multi-tenant, retail building totaling ±12,094 square feet, and offers 10 parking spaces. The Property is strategically positioned on ±0.29 acres of land (±12,567) and can be accessed via one ingress/egress curb cut. The Property is improved with a two-story building of concrete construction with a brick/glass accent front, including a second floor, partial basement, and 4 automotive service bays. Safelite Auto Glass previously occupied the west side of the first floor & basement storage area on a net lease and offers potential owner users/investors the ability to acquire a free-standing building with significant value add through lease up at long term market rates (CoStar estimated rents of $29-35/SF Retail). Additionally, the east-side of the first floor offers retail/office space while the 2nd floor was previously occupied by North Shore Driving School. Zoned G, General Business, this zoning offers favorable flexible zoning allowing for a variety of retail uses via adaptive reuse or repositioning. Bethpage is located within Nassau County, New York, along the bustling Hempstead Turnpike corridor. The Property benefits from ±100 feet of prominent frontage along Hempstead Turnpike, with an average daily traffic count of ±45,783 vehicles per day and convenient access to major thoroughfares like the Seaford-Oyster Bay Expressway (NY-135), less than 1-mi away with ±82k VPD. This strategic location along a busy retail corridor is within ±1.5-mi of Nassau Mall making the Property a prime opportunity for businesses looking to capture both local and through traffic along this busy corridor. The Property is also conveniently positioned near demand drivers such as Bethpage Federal Credit Union’s Headquarters Nassau University Medical Center (631 beds), St. Joseph Hospital (203 beds) and the Northwell Health Plainview Hospital (218 beds), which contribute to the area’s economic vitality. Additionally, the Property is about 1-mi from the Bethpage LIRR Station, providing excellent connectivity to the greater New York metro area and driving significant foot traffic to the surrounding retail and office spaces. Bethpage serves as a key commercial hub for Nassau County and the surrounding region, with strong residential and daytime population demographics. The Property serves a dense and robust trade area, with ±428k residents and an AHHI of ±$188k within a 5-mile radius.