About the Listing LILI01 - 169035

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, professional equipment, and a 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, previously a spacious 5-bedroom, 2-bathroom residential unit, is now vacant — offering flexibility for an owner-user to occupy or for a new lease to generate additional rental income. 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 leasing out the upstairs unit to offset ownership costs. With the prime location ensuring business visibility and the vacant upstairs unit ready for immediate occupancy or tenancy, this property presents an exceptional opportunity for both immediate cash flow and long-term appreciation in a desirable Long Island location. For those considering commercial leasing, the building is also available for lease — please refer to MLS 867520 for details.

Listing Highlights for 231 Jericho Tpke

Listing Location