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    503-505 Eagle Ave Ave Hempstead, NY 11552

    Sponsored
    For Sale
    $1,199,000

    High-Visibility, 9,800 SF Mixed-Use Building

    Property size:
    9,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    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 Features for 503-505 Eagle Ave Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    9,800 SF
    Lot Size
    7,841 SF

    Building Details

    Year Built
    1954
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Hempstead
    County
    Nassau County
    State
    New York
    Longitude
    -73.6527
    Latitude
    40.6953

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    FAQs

    What type of property is this?
    Mixed-use property - High-Visibility, 9,800 SF Mixed-Use Building
    Where is this mixed-use property located?
    The property is located at 503-505 Eagle Ave Ave Hempstead, NY.
    What is the asking price?
    The asking price for this property is $1,199,000.
    (516) 703-3378
    Request Owner's contact information
    503-505 Eagle Ave Ave Hempstead, NY 11552
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    Hempstead, NY 11552
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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
    503-505 Eagle Ave Ave Hempstead, NY 11552
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