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31822816
31822817

575 Jericho Tpke, Jericho, NY 11753

MT
NY 10401244358
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan
$9,000,000
43 days on market
Updated 43 days ago

575 Jericho Tpke, Jericho, NY

Details
Property Type Office
Sub Type Executive Office, Traditional Office
Square Footage 32,400
Net Rentable (SqFt) 32,400
Occupancy 93%
Tenancy Multi
Lease Type Modified
Price per SqFt $278
Class B
Year Built 1969
Buildings 1
Stories 3
Acreage 2.130
Zoning NB (Neighborhood Business)
Parking Spaces 132 spaces
Parking Per SqFt 4.07
Investment Type Owner/User
Ownership Fee Simple

Professional Office | 32,400 SqFt | 2.13 AC | Parking Ratio 4.07/1,000 SF

Marketing description

Marcus & Millichap is pleased to present for sale 575 Jericho Turnpike (“the Subject Property”), a well‑located professional office building in the highly desirable hamlet of Jericho, NY.

The asset sits on a 2.13‑acre parcel and contains approximately 32,400 square feet across three stories. Currently 93% occupied with one remaining vacancy, the property offers both stable in‑place income and immediate upside through lease‑up. The building benefits from a strong surface parking ratio of 4.07 spaces per 1,000 square feet, supported by 132 dedicated spaces—an increasingly valuable feature in Nassau County’s constrained office supply.

Demand drivers in the surrounding area further enhance the investment profile. Jericho is anchored by a deep concentration of corporate offices, medical practices, national retailers, and high‑performing service businesses along Jericho Turnpike, one of Long Island’s most established commercial corridors. The property also benefits from exceptional regional connectivity, with direct access to the Long Island Expressway, Northern State Parkway, and major east‑west arterials that draw tenants and customers from across Nassau County.

The local demographic base is exceptionally strong, with approximately 85,000 residents within a three‑mile radius and average household incomes of roughly $196,000. This combination of density and affluence supports durable tenant demand and long‑term rent growth potential.

With its combination of scale, parking, occupancy stability, and prime Nassau County location, 575 Jericho Turnpike represents a compelling opportunity for investors seeking a well‑performing suburban office asset with both immediate cash flow and value‑add potential.

Investment highlights

  • The asset sits on a 2.13‑acre parcel and contains approximately 32,400 square feet across three stories.
  • The building benefits from a strong surface parking ratio of 4.07 spaces per 1,000 square feet, supported by 132 dedicated spaces—an increasingly valuable feature in Nassau County’s constrained office supply.
  • Demand drivers in the surrounding area further enhance the investment profile. Jericho is anchored by a deep concentration of corporate offices, medical practices, national retailers, and high‑performing service businesses along Jericho Turnpike, one of Long Island’s most established commercial corridors.
  • The property also benefits from exceptional regional connectivity, with direct access to the Long Island Expressway, Northern State Parkway, and major east‑west arterials that draw tenants and customers from across Nassau County.
  • The local demographic base is exceptionally strong, with approximately 85,000 residents within a three‑mile radius and average household incomes of roughly $196,000.

Listing Contacts

MT
NY 10401244358
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan

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