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231 Jericho Turnpike

New Hyde Park NY 11040

5
2
3400 sq. ft.
2000 sq. ft.
Single-Family
Currently for sale - view listing

Overview

Prime Investment Opportunity in New Hyde Park - First Floor Tenant Occupied 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 is now vacant. 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.

Features

5 bedrooms
2 bathrooms
3400 sq. ft. floor area
2000 sq. ft. lot size
Single-Family

Happy sellers in New Hyde Park

90%
90% of sellers in New Hyde Park reported that their sale price either exceeded or met their price expectations.

New Hyde Park stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in New Hyde Park over the last 12 months.

Local market activity for 5 bedroom single-family properties in New Hyde Park

In the last 12 months, 34 five-bedroom single-family properties similar to 231 Jericho Turnpike, have been sold.

This represents a 6% increase in five-bedroom single-family properties sales when compared to the previous 12 months.

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(619) 566-0008
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