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1850 E Jericho Tpke
Huntington, NY 11743
Retail Property For Sale


Investment Highlights
- Exceptional Value-Add Investment Opportunity | All four tenants are currently operating on month-to-month leases and paying below-market rents.
- Expansive Yard Space & Outdoor Storage | The oversized parcel offers substantial outdoor storage, equipment staging, & fleet parking.
- Flexible Multi-Use Property with Ample Parking | The 8,000 SF building features four commercial units, six drive-in doors, and over 100 parking spaces
- Highly Visible 1.03-Acre Commercial Site | Prominently positioned along East Jericho Turnpike with outstanding frontage.
- Low Taxes & Minimal Operating Expenses | Annual real estate taxes are only $28,646 following a successful tax grievance, while tenants pay utilities.
Executive Summary
1850 E. Jericho Turnpike offers a compelling value-add investment opportunity in the heart of Huntington's thriving commercial corridor. Situated on a highly visible 1.03-acre parcel along one of Long Island's most heavily traveled roadways, the property consists of an approximately 8,000 square foot multi-tenant commercial building featuring four units, six drive-in doors, and substantial yard space. Surrounded by a strong mix of national retailers, regional businesses, and local operators, the property benefits from exceptional exposure, strong traffic counts, and convenient access to major highways and transportation routes. What truly distinguishes this opportunity is its significant upside potential. All existing tenants are currently operating on month-to-month leases and are reportedly paying below-market rents, providing new ownership with the ability to immediately implement a strategic leasing plan, increase revenues, and maximize the property's income-producing potential. With tenants responsible for their own utilities, the asset operates with low expenses and minimal management requirements, creating an attractive foundation for investors seeking both current cash flow and future value growth. The expansive 1.03-acre site provides a rare combination of building area, yard space, and parking capacity, with over 100 parking spaces available on-site.
The property's layout and six drive-in doors accommodate a wide variety of commercial uses, including retail, automotive, showroom, contractor, service, warehouse, and distribution operations. In addition, the substantial outdoor storage and staging areas offer functionality that is increasingly difficult to find in Huntington's commercial market. Located within the C-6 General Business District, the property offers exceptional flexibility for current operations as well as long-term redevelopment or repositioning opportunities. Whether acquired as a value-add investment, owner-user facility, income-producing asset, or future redevelopment site, the property's strategic location, flexible configuration, and favorable zoning position it for sustained demand and appreciation. Further enhancing the investment profile, the property's annual real estate taxes have been successfully reduced through a grievance process and are currently only $28,646, helping to maintain a favorable expense ratio. Opportunities to acquire over an acre of commercially zoned land with this level of visibility, accessibility, parking, and upside potential are increasingly scarce along the Jericho Turnpike corridor. 1850 E. Jericho Turnpike presents investors and end users alike with the rare chance to capitalize on an established commercial asset with immediate value-add potential and long-term growth prospects in one of Long Island's most desirable business locations.
The property's layout and six drive-in doors accommodate a wide variety of commercial uses, including retail, automotive, showroom, contractor, service, warehouse, and distribution operations. In addition, the substantial outdoor storage and staging areas offer functionality that is increasingly difficult to find in Huntington's commercial market. Located within the C-6 General Business District, the property offers exceptional flexibility for current operations as well as long-term redevelopment or repositioning opportunities. Whether acquired as a value-add investment, owner-user facility, income-producing asset, or future redevelopment site, the property's strategic location, flexible configuration, and favorable zoning position it for sustained demand and appreciation. Further enhancing the investment profile, the property's annual real estate taxes have been successfully reduced through a grievance process and are currently only $28,646, helping to maintain a favorable expense ratio. Opportunities to acquire over an acre of commercially zoned land with this level of visibility, accessibility, parking, and upside potential are increasingly scarce along the Jericho Turnpike corridor. 1850 E. Jericho Turnpike presents investors and end users alike with the rare chance to capitalize on an established commercial asset with immediate value-add potential and long-term growth prospects in one of Long Island's most desirable business locations.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,000 SF
Building Class
C
Year Built
1958
Price
$2,450,000
Price Per SF
$306.25
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.00 AC
Zoning
C6
Parking
5 Spaces (0.63 Spaces per 1,000 SF Leased)
Frontage
105’ on Jericho Tpke
Property Taxes
| Parcel Number | 0400-214-00-02-00-005-000 | Improvements Assessment | $2,200 |
| Land Assessment | $5,000 | Total Assessment | $7,200 |
Property Taxes
Parcel Number
0400-214-00-02-00-005-000
Land Assessment
$5,000
Improvements Assessment
$2,200
Total Assessment
$7,200
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