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    158 Main St Hempstead, NY 11550

    Pending
    For Sale
    $5,580,000

    Commercial Sale - Hempstead, NY

    Property size:
    22,753 SF
    Days on Market:
    389
    Last Refresh:
    Dec 14 at 8:06 am

    Property Features for 158 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    Bus B
    APN
    2013-34-522-00-0204-0
    Size
    22,753 SF

    Building Details

    Architectural style
    Other

    B Square Realty (718) 939-8388 [email protected]

    Listing agent Li Li (718) 939-8388 License #10311207854

    Listing date Nov 21, 2024

    MLS# L3521619 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hempstead Retail Investment Opportunity

    Located at 158 Main Street in Hempstead, NY, this retail investment property offers 22,753 square feet of space. The property is a retail strip mall comprising eleven stores, with only one vacancy, ensuring consistent rental income. The property benefits from its location in the heart of Hempstead, next to a large parking lot and the Hempstead LIRR station, providing high visibility and convenience. The property generates an annual net operating income of $305,464. The property's minimal management requirements make it an attractive option for investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Worldwide Revival Ministries Church J B ATM ... Atm Iglesia Avivamiento Mundial ... Church

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hempstead
    County
    Nassau
    State
    New York
    Longitude
    -73.6260096
    Latitude
    40.7118579

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    FAQs

    What type of property is this?
    Strip mall - Prime retail strip mall in bustling Hempstead, NY.
    Where is this strip mall located?
    The property is located at 158 Main St Hempstead, NY.
    What is the asking price?
    The asking price for this property is $5,580,000.
    What are key features of this property?
    This property features: - High annual net operating income: $305,464; - Prime location in the heart of Hempstead, NY; - High-traffic location next to a large parking lot and the Hempstead LIRR station
    (718) 939-8388
    Request Owner's contact information
    158 Main St Hempstead, NY 11550
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    Hempstead, NY 11550
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    158 Main St Hempstead, NY 11550
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