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    42 Hempstead Tpke Farmingdale, NY 11735

    Sponsored
    For Sale
    $2,600,000

    High-Visibility Hempstead Turnpike Property

    Property size:
    41,630 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property presents a unique investment opportunity for discerning buyers. Strategically located on Hempstead Turnpike (Route 24) in Farmingdale, NY, this high-visibility site boasts excellent accessibility with a traffic light at the corner and dedicated turning lanes for both east and westbound traffic. The property's footprint extends to Merritts Road, providing additional ingress and egress points with north/south access and three curb cuts. The substantial 41,630 square foot building currently houses an operational nursery and sits on a 1.61-acre lot (approximately 70,000 square feet), encompassing sections 49, block 255, and lot 13. The property's potential extends beyond its current use, offering significant redevelopment possibilities. This presents a chance to capitalize on the existing cash flow generated by the commercial and residential components. Further enhancing the investment potential, two adjacent residential properties at 40 Hempstead Turnpike (lots #11 and #18 on 100 Merritts Road) are also available for purchase, totaling nearly two acres. Note that tax grievances have been filed on the nursery and both residential homes. This prime location and substantial acreage offer tremendous potential for a variety of uses and significant returns. The property's size and strategic location make it an ideal candidate for expansion or redevelopment.

    Property Features for 42 Hempstead Tpke

    General Information

    Property type
    Mixed-use properties
    Square Feet
    41,630 SF
    Lot Size
    70,132 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Ralph's Nursery & Garden ... Plant Nursery

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmingdale
    County
    Nassau County
    State
    New York
    Longitude
    -73.46042
    Latitude
    40.73013

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    FAQs

    What type of property is this?
    Mixed-use property - High-Visibility Hempstead Turnpike Property
    Where is this mixed-use property located?
    The property is located at 42 Hempstead Tpke Farmingdale, NY.
    What is the asking price?
    The asking price for this property is $2,600,000.
    (516) 293-2323
    Request Owner's contact information
    42 Hempstead Tpke Farmingdale, NY 11735
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    Farmingdale, NY 11735
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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
    42 Hempstead Tpke Farmingdale, NY 11735
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