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    152 Union Pl Hempstead, NY 11550

    Sponsored
    For Sale
    $670,000

    Turnkey Restaurant, High Traffic Area

    Property size:
    2,160 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This exceptional opportunity presents a thriving restaurant and building for sale in Hempstead, NY. Located on a sizable 1.62-acre lot, the property features a 2,160 square foot building, offering a unique blend of established business and significant real estate potential. The main level, encompassing 1,100 square feet, houses a well-equipped restaurant with seating for 46 patrons, a fully stocked bar, and a fully functional kitchen. Years of successful operation have cultivated a loyal customer base and a strong reputation within the community. The diverse menu and welcoming atmosphere contribute to consistent profitability. A significant advantage is the inclusion of a 1,100 square foot basement, accessible from the outside, offering ample storage and expansion possibilities. The property's prime location in a high-traffic area ensures excellent visibility and ample parking, attracting both local residents and visitors. The current business model offers immediate income potential, while opportunities for growth include extending operating hours, introducing catering services, or implementing enhanced marketing strategies. This turnkey operation is ideally suited for experienced restaurateurs or savvy investors seeking a profitable and established business with substantial real estate value in a bustling, family-friendly community. The asking price is $670,000.

    Property Features for 152 Union Pl

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,160 SF
    Lot Size
    70,567,200 SF

    Building Details

    Year Built
    1920
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    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
    -73.62663
    Latitude
    40.71534

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    FAQs

    What type of property is this?
    Commercial real estate - Turnkey Restaurant, High Traffic Area
    Where is this commercial real estate located?
    The property is located at 152 Union Pl Hempstead, NY.
    What is the asking price?
    The asking price for this property is $670,000.
    (718) 641-3300
    Request Owner's contact information
    152 Union Pl Hempstead, NY 11550
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    Hempstead, NY 11550
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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
    152 Union Pl Hempstead, NY 11550
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