Map of Property

231 Jericho Tpke

231 Jericho Tpke, New Hyde Park, NY 11040

  • For Sale $1,288,000
  • Property Type Mixed Use - Retail / Residential
  • Property Size 3,000 SF
  • Lot Size 0.05 Acre
  • Taxes / YR $19,769.39
  • Additional Rent $2,781
  • Year Built 1949
  • Year Renovated 2024
  • Date Updated Apr 25, 2025

Prime Investment Opportunity in New Hyde Park. This turnkey mixed-use property on Jericho Turnpike offers food business owners a complete solution with a newly renovated first-floor commercial space featuring a move-in ready commercial kitchen including professional equipment and new split AC system. The space is ideally configured for pho, rice noodles, mala hot pot, or a turnkey bubble tea shop with all professional equipment, and comes ready for immediate operation. The second floor provides stable rental income with a spacious 5 bedroom 2 bathroom unit currently occupied by reliable long-term tenants whose rent helps cover property expenses. Located in New Hyde Park's bustling commercial district, this high-visibility property benefits from excellent foot traffic and convenient highway access while serving an established neighborhood with strong customer demand. The solid brick building has been completely upgraded with modern improvements throughout, offering both commercial and residential potential in one package. This unique investment delivers dual income streams - run your restaurant business downstairs while the residential unit upstairs generates consistent rental income. With the upstairs unit helping offset ownership costs and the prime location ensuring business visibility, this turnkey property presents a low-risk opportunity with both immediate cash flow and long-term appreciation potential in a desirable Long Island location.

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Highlights

  • Prime frontage on Jericho Turnpike with excellent daily vehicle and foot traffic.
  • Located in a dense, established neighborhood with strong local customer demand.
  • Quick and convenient access to major highways and surrounding Long Island towns.
  • Close proximity to busy shopping centers, restaurants, and national retailers.
  • Positioned in one of New Hyde Park’s most desirable commercial districts.

Contacts

broker
Barbie Li

B Square Realty

Location

Getting Around

  • Walk Score ®

    85/100 Very Walkable

  • Bike Score ®

    55/100 Bikeable
Powered by Walk Score ®
  • City New Hyde Park, NY
  • Neighborhood New Hyde Park
  • Zip Code 11040
  • Market Long Island

Points of Interest

  • Track 3

    0.43 miles

  • Underpass

    0.45 miles

  • Track 2

    0.48 miles

  • Platform A

    0.51 miles

  • New Hyde Park

    0.56 miles

  • Platform B

    0.77 miles

  • Overpass

    0.79 miles

  • Platform C

    0.83 miles

  • Nassau Boulevard

    1.61 miles

  • Elmont

    1.95 miles

  • BP

    0.44 miles

  • GivnGo

    0.49 miles

  • Mobil

    0.62 miles

  • Shell

    0.63 miles

  • Sunoco

    0.79 miles

  • Metro Fuel

    0.82 miles

  • Exxon

    0.84 miles

  • USA

    1.00 miles

  • General Electric

    3.49 miles

  • 01

    3.83 miles

  • New Hyde Park Municipal Parking

    0.55 miles

  • Spooner Street Parking Field

    0.69 miles

  • Creedmoor Spur Parking Field

    0.91 miles

  • FS-2

    1.84 miles

  • Hy Weinberg Car Park

    2.20 miles

  • St. Paul's Parking Lot

    2.24 miles

  • GC Hotel Parking

    2.70 miles

  • Parking Field 1

    2.72 miles

  • Parking Field 6

    2.98 miles

  • Parking Field 15

    2.98 miles

  • Paramount Inn

    0.91 miles

  • Floral Park Motor Lodge

    1.10 miles

  • Parkway Motor Inn

    1.71 miles

  • The Garden City Hotel

    2.70 miles

  • Ken's house

    3.12 miles

  • SpringHill Suites

    3.91 miles

  • 700 Garden City Plaza

    3.94 miles

  • Homewood Suites by Hilton

    3.96 miles

  • Adria Hotel & Conference Center

    4.17 miles

  • Travelodge by Wyndham Manhasset

    4.18 miles

  • Dunkin'

    0.16 miles

  • Domino's

    0.33 miles

  • Subway

    0.39 miles

  • Taco Bell

    0.68 miles

  • Pizza Hut

    0.68 miles

  • New Hyde Park Diner

    0.69 miles

  • Jian On

    0.72 miles

  • Kerala Kitchen

    0.74 miles

  • Stellas

    0.78 miles

  • Hangry Restaurant

    0.80 miles

  • Holy Spirit School

    0.12 miles

  • Yeshiva Or Chadash

    0.28 miles

  • Saint Hedwigs School

    0.34 miles

  • Stewart Manor Elementary School

    0.61 miles

  • New Hyde Park Road Elementary School

    0.68 miles

  • Hillside Grade School

    0.70 miles

  • John Lewis Childs School

    0.72 miles

  • Our Lady of Victory School

    0.84 miles

  • Homestead School

    0.94 miles

  • Sewanhaka High School

    1.04 miles

  • Ruby Daycare

    1.76 miles

  • Mindnasium

    1.89 miles

  • Learn & Play Daycare

    2.13 miles

  • Future Scholars Child Care

    3.46 miles

  • Apple Tree Day Care Center

    3.56 miles

  • Metrokids Preschool

    3.69 miles

  • Blanche Community Progress Day Care Center

    3.81 miles

  • Committee for Early Childhood Development Head Start

    4.18 miles

  • Morning Star Preschool

    4.35 miles

  • New Deal Child Care

    4.49 miles

Frequently Asked Questions

How much does 231 Jericho Tpke cost?

The space currently listed for sale at 231 Jericho Tpke asks for $1,288,000.

What is the total square footage of 231 Jericho Tpke?

231 Jericho Tpke totals 3,000 square feet.

When was this property built?

231 Jericho Tpke was built in 1949.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Barbie Li

B Square Realty

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