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About the Listing LXEX01 - 216545
Mixed-use property on Jericho Turnpike offering multiple income streams and strong visibility. The ground-floor commercial tenant is secured with 2 years remaining on the lease and 5% annual rent increases, providing stable and growing income. Above the retail space are two residential units: • Unit 1: 2 Bedrooms / 1 Bathroom • Unit 2: 1 Bedroom / 1 Bathroom (recently renovated with new kitchen and bathroom) Both units are currently month-to-month, offering flexibility and value-add potential for future rent adjustments. Additional income is generated from signage rental. Basement is vacant, a good value add. The property is in well-kept Condition B with no major deferred maintenance reported. There is also a concrete, fenced-in backyard providing private outdoor space or potential tenant use. Excellent location along an established commercial corridor close to transportation, shopping, schools, and community amenities. Please do not disturb tenants. Shown by appointment only.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $7,826
- Taxes w/Assessments: N/A
- Tax/Property ID: 08664-0051
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
248-51 Jericho Tpke Bellerose, NY 11426
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