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Property profile & analytics
OFF-MARKET
Mixed-use properties

503-505 Eagle Ave Ave Hempstead, NY 11552

9,800 SF 0.18 ac lot Built 1954
Property ID
Property summary
AI-generated overview

This exceptional mixed-use property, located at 503-505 Eagle Avenue in Hempstead, NY, presents a rare investment opportunity. The 9,800 square foot building sits on a 0.18-acre lot and boasts 126.25 feet of frontage on a busy street. Currently vacant, the property offers immense potential for a variety of uses, including but not limited to autobody repair, general contracting, electrical or plumbing services, or cabinet manufacturing. The building's layout includes three storefronts and a central warehouse area equipped with convenient overhead doors at both the front and rear, facilitating easy loading and unloading. Ample parking for eight vehicles is available at the rear of the building. Adding to its versatility, a two-bedroom apartment is included, providing potential for rental income. The building's dimensions are 187 feet by 85 feet, with approximately 40% of the space suitable for office use. Its prime location next to the Long Island Rail Road (LIRR) ensures excellent accessibility to the five boroughs and provides high visibility for any business. The asking price for this unique property is $1,199,000. This is a truly remarkable opportunity for an investor or business owner seeking a high-impact location with significant potential for growth and profitability.

Property profile
Verified
Property type Mixed-use properties
Year built 1954
Total area 9,800 SF
Lot 0.18 ac (7,841 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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