550 W Old Country Rd
Hicksville, NY 11801
The Parkway Building · Office Property For Sale

Office Building w. Parking & Development Potential The subject property is a 48,000 square foot office building on West Old Country Road in Hicksville, Nassau County. The building consists of four stories all approximately 12,000 square feet each. The property sits on two contiguous lots including a large parking lot with 200+ spaces total. One lot contains the existing building and a parking lot, and the second lot is used for parking which also carries development rights for retail or mixed-used valued in excess of $1M alone. The property also offers antenna rights which are valued in excess of $1 Million as well. The property will be delivered in As-Is' condition -- currently the property is 32% leased out with flexible leases in place in favor of the landlord with termination rights. The remaining units are currently vacant making it an ideal investment for a user or redevelopment. The property is located on a major and highly-frequented thoroughfare in Hicksville conveniently situated less than a block away from the Wantagh State Parkway. The N24 & N48 bus lines are located directly outside the property, and the LIRR is located just 1.5 miles away. This is a great opportunity for a user, investor, or developer in a prime location in the heart of Hicksville. Current ownership was planning on redeveloping the building which is the reason for the high vacancy. Ideal for corporate headquarters, office building investment, medical facility, user, or a reposition of the site to a potential 100-unit hotel, or senior care facility.