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Expressway Office 300 Wheeler Rd 40,000 SF 58% Leased Office Building Hauppauge, NY 11788 $8,750,000 ($218.75/SF)
Investment Highlights
- Turnkey 10,000 SF Corporate Headquarters Available at Closing
- Prime Hauppauge Business District Location
- Ideal Headquarters Opportunity with Rental Income from Remaining Tenants
- Extensive Multi-Million Dollar Capital Improvement Program
- Direct Long Island Expressway Visibility (Exit 56) with Great Signage Potential
- Over 225 Parking Spaces (Approximately 5:1 Parking Ratio)
Executive Summary
A rare opportunity to acquire a premier 40,000 SF office building in the heart of Hauppauge's thriving business district. Offered at $8.75 million, this property is being delivered with an extensive capital improvement program that will provide its next owner with a truly turnkey asset. Upgrades include **brand-new elevator mechanics and cabs, a completely upgraded HVAC system throughout the building, four new boilers, renovated lobby areas, a brand-new parking lot, new exterior stucco, a new roof, a new garbage enclosure, new exterior landings (construction beginning August 5), a new camera surveillance and key fob access system, and newly built-out suites 201, 204, 301, and 303.** For an owner-user, the opportunity is even more compelling, as the property will be delivered with a **fully renovated, approximately 10,000-square-foot top-floor suite available for immediate occupancy at closing**, allowing your business to establish a first-class corporate headquarters while benefiting from the income generated by the remaining tenants. Positioned just minutes from the Long Island Expressway and major transportation routes, 300 Wheeler Road offers exceptional accessibility, strong surrounding demographics, and the prestige of one of Long Island's most desirable commercial locations. Opportunities to acquire a substantially renovated, income-producing office building with immediate owner-user occupancy in Hauppauge are exceptionally limited.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
40,000 SF
Building Class
B
Year Built/Renovated
1976/2026
Price
$8,750,000
Price Per SF
$218.75
Percent Leased
58%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
10,000 SF
Slab To Slab
10’
Building FAR
0.33
Lot Size
2.79 AC
Zoning
BU2 - General or Special Business District
Parking
225 Spaces (5 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Property Manager on Site
- Security System
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Tenant to pay additional $3.50/sf in electric charges.
Tenant to pay additional $3.50/sf in electric charges.
Tenant to pay additional $3.50/sf in electric charges.
Tenant to pay additional $3.50/sf in electric charges.
- 3rd Fl-Ste 303
- 1,918 SF
- Office/Medical
- Full Build-Out
- Now
Tenant to pay additional $3.50/sf in electric charges.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 103 | 1,144 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 108 | 1,398 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste 206 | 2,090 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 302 | 5,120 SF | Office/Medical | Full Build-Out | Now |
| 3rd Fl-Ste 303 | 1,918 SF | Office/Medical | Full Build-Out | Now |
| 4th Fl-Ste 401 | 5,120 SF | Office/Medical | Full Build-Out | Now |
1st Fl-Ste 103
| Size |
| 1,144 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 108
| Size |
| 1,398 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 206
| Size |
| 2,090 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 302
| Size |
| 5,120 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 303
| Size |
| 1,918 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 401
| Size |
| 5,120 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 103
| Size | 1,144 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Tenant to pay additional $3.50/sf in electric charges.
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 108
| Size | 1,398 SF |
| Space Use | Office/Medical |
| Build-Out | Full Build-Out |
| Available | Now |
Tenant to pay additional $3.50/sf in electric charges.
2nd Fl-Ste 206
| Size | 2,090 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Tenant to pay additional $3.50/sf in electric charges.
3rd Fl-Ste 302
| Size | 5,120 SF |
| Space Use | Office/Medical |
| Build-Out | Full Build-Out |
| Available | Now |
Tenant to pay additional $3.50/sf in electric charges.
4th Fl-Ste 401
| Size | 5,120 SF |
| Space Use | Office/Medical |
| Build-Out | Full Build-Out |
| Available | Now |
Tenant to pay additional $3.50/sf in electric charges.
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0500-039-00-02-00-023-001 | Improvements Assessment | $134,000 |
| Land Assessment | $286,000 | Total Assessment | $420,000 |
Property Taxes
Parcel Number
0500-039-00-02-00-023-001
Land Assessment
$286,000
Improvements Assessment
$134,000
Total Assessment
$420,000
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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