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    1717 Hempstead Tpke Elmont, NY 11003

    Sponsored
    For Sale
    $1,950,000

    High-cash flow, prime Elmont location.

    Property size:
    4,890 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional mixed-use property, situated at 1717 Hempstead Turnpike in Elmont, NY, presents a compelling investment opportunity. The building encompasses 4,890 square feet on a 0.11-acre lot and features three units. Two fully renovated, three-bedroom, one-bathroom residential units occupy the second floor, providing immediate rental income. The ground floor boasts turnkey commercial space, perfectly suited for a large office. This space has undergone a significant $250,000+ build-out, including a complete IT setup for over 30 people and security cameras, minimizing upfront costs for a new tenant. The property benefits from high visibility due to its location on Hempstead Turnpike, attracting significant foot and vehicle traffic. Ample parking is available, adding to its appeal. The combination of consistent residential income and the potential for substantial commercial rental income makes this a strong cash-flow generating asset. Its strategic location and potential for future development further enhance its long-term investment prospects, making it ideal for both owner-occupiers and investors seeking a diversified portfolio. The property is offered at $1,950,000.

    Property Features for 1717 Hempstead Tpke

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,890 SF
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    The Pink Key Education Center Amit Hossain - The Nerd ... Real Estate Agent REAL BROKER ELMONT ... Real Estate Agency The joker food and tacos Pacific Northwest Restaurant (Us)

    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
    Elmont
    County
    Nassau County
    State
    New York
    Longitude
    -73.70442
    Latitude
    40.7073

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    FAQs

    What type of property is this?
    Commercial real estate - High-cash flow, prime Elmont location.
    Where is this commercial real estate located?
    The property is located at 1717 Hempstead Tpke Elmont, NY.
    What is the asking price?
    The asking price for this property is $1,950,000.
    (516) 427-7271
    Request Owner's contact information
    1717 Hempstead Tpke Elmont, NY 11003
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    Elmont, NY 11003
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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
    1717 Hempstead Tpke Elmont, NY 11003
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