145 Main Street

North Hempstead, New York

We are happy to facilitate the sale of this iconic bank building situated at a prime location on the corner of Main Street and Central Drive in busy downtown Port Washington. This majestic and well-known property is within walking distance of the Long Island Railroad, with a quick 45 minute train ride to Penn Station NYC, and is close to restaurants, shops, and entertainment venues. Perfect for investors seeking to grow their portfolio, the approximately 10,000 SF of office space is offered subject to a NNN lease which runs through June, 2031, and currently generates a 7% CAP rate. The tenant, MID-SHIP Group, is a global leader in dry bulk cargo shipping, serving over 1,400 ports worldwide and offering comprehensive services including ocean freight, inland logistics and technology solutions. The 2-story building has a full basement with a gym and loads of storage space, and there is a 21-car parking lot in the rear. This unique building has a classic interior with vaulted ceilings and massive windows that allow for an abundance of natural lighting. There is a new roof on the building, a new gas boiler, and a backup generator. This is a one-of-a-kind investment opportunity.