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273 Willis Ave 7,000 SF 100% Leased Retail Building Mineola, NY 11501 $3,575,000 ($510.71/SF) 6.50% Cap Rate
Investment Highlights
- Mixed use property located at the SW corner of Jericho Turnpike (32,919 VPD) and Willis Ave (11,028 VPD)
- Strong demographics with a population of over 172,780 people within a 3 mile radius
- The majority of the residential tenants are long term tenants
Executive Summary
Silber Investment Properties is pleased to exclusively offer 143 Jericho Turnpike, Mineola, New York.
This fully leased mixed-use investment property is strategically located at one of Long Island's busiest and most heavily trafficked intersections, providing exceptional visibility and long-term stability. The property consists of two ground-floor retail units and six spacious two-bedroom apartments, all currently occupied.
The asset offers investors a rare opportunity to acquire a stabilized income-producing property in the heart of Mineola, a thriving Nassau County market with strong demographics, convenient transportation access, and continued demand for both residential and retail space.
With its prime location, diverse income stream, and 100% occupancy, 143 Jericho Turnpike represents an attractive investment opportunity for both local and out-of-state investors seeking stable cash flow and long-term appreciation.
This fully leased mixed-use investment property is strategically located at one of Long Island's busiest and most heavily trafficked intersections, providing exceptional visibility and long-term stability. The property consists of two ground-floor retail units and six spacious two-bedroom apartments, all currently occupied.
The asset offers investors a rare opportunity to acquire a stabilized income-producing property in the heart of Mineola, a thriving Nassau County market with strong demographics, convenient transportation access, and continued demand for both residential and retail space.
With its prime location, diverse income stream, and 100% occupancy, 143 Jericho Turnpike represents an attractive investment opportunity for both local and out-of-state investors seeking stable cash flow and long-term appreciation.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,000 SF
Building Class
C
Year Built
1927
Price
$3,575,000
Price Per SF
$510.71
Cap Rate
6.50%
NOI
$232,297
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.79
Lot Size
0.09 AC
Zoning
B1 - Business District & Jericho Turnpike Overlay District allow for vertical expansion, making this an excellent opportunity for mixed-use development
Frontage
Amenities
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Information
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Metro by T-Mobile began in 1994 as General Wireless, Inc., later became MetroPCS, and now operates as a T-Mobile US brand focused on prepaid wireless service. The company offers no-contract phone plans, device sales, and related mobile services through a consumer-facing brand built around prepaid pricing and network access. After a reverse merger with T-Mobile USA in 2013, Metro’s services were folded into T-Mobile’s network, and the brand was relaunched under the Metro by T-Mobile name in 2018. Recent company materials show a focus on value-oriented prepaid plans, unlimited 5G data, and device promotions for new customers.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Information | - | $9.99 | Lorem Ipsum | Jan 0000 |
Very walkable
80/100
Fairly drivable
50/100
Good public transit
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2223-09-405-00-0101-0 | Improvements Assessment | $6,976 |
| Land Assessment | $1,192 | Total Assessment | $8,168 |
Property Taxes
Parcel Number
2223-09-405-00-0101-0
Land Assessment
$1,192
Improvements Assessment
$6,976
Total Assessment
$8,168
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273 Willis Ave