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    32 Atlantic Ave Hempstead, NY 11563

    Sponsored
    For Sale
    $2,200,000

    High-Traffic Retail Building, Excellent Income

    Property size:
    9,431 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 9,431 square foot commercial building, situated on a 10,850 square foot lot at 32 Atlantic Ave in Hempstead, NY, presents a compelling investment or owner-user opportunity. The property boasts a prime location in the heart of Lynbrook Centre, directly on busy Atlantic Avenue, just one block from the Lynbrook LIRR station and midway between Sunrise Highway and Merrick Road. Benefitting from high visibility and excellent signage, the building enjoys a daily traffic count exceeding 4,900 vehicles. The property features 146 parking spaces, high 10-foot ceilings, all new LED lighting, and a skylight, along with 200 amp power and central air conditioning. Currently housing a diverse mix of tenants including a deli, nail salon, cooking school/catering facility, and several second-floor office suites, the property generates substantial annual income. The deli (3,000 sq ft) yields $67,980 annually with a 3% annual increase and lease expiring in 2026

    Property Features for 32 Atlantic Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    9,431 SF

    Building Details

    Year Built
    1956
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Hempstead
    County
    Nassau County
    State
    New York
    Longitude
    -73.6304
    Latitude
    40.71265

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    FAQs

    What type of property is this?
    Commercial real estate - High-Traffic Retail Building, Excellent Income
    Where is this commercial real estate located?
    The property is located at 32 Atlantic Ave Hempstead, NY.
    What is the asking price?
    The asking price for this property is $2,200,000.
    (516) 783-5600
    Request Owner's contact information
    32 Atlantic Ave Hempstead, NY 11563
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    Hempstead, NY 11563
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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
    32 Atlantic Ave Hempstead, NY 11563
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