Price Reduced 7.19%
Price History
$1,299,000
11/19/2025
$1,390,000
11/20/2025
$1,290,000
1/13/2026
248-51 Jericho Tpke, Bellerose, NY, 11426
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.
Status:
Active
Type:
Commercial
Heating:
Natural Gas
Cooling:
None
Basement:
Full
Est. Taxes:
$7,826
Construction
Stucco
Utilities
Natural Gas Connected, Sewer Connected, Water Connected
Days on Market:
55
MLS #:
934393
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of RE/MAX Luxe 718-969-0444