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    24 Main St Hempstead, NY 11550

    For Sale
    $3,499,000

    Retail and office building for sale in Hempstead, NY.

    Property size:
    25,806 SF
    Lot size:
    0.49 Acres

    Property Features for 24 Main St

    General Information

    Size
    25,806 SF
    Lot size
    0.49 Acres

    Source: American Investment Properties, Inc. Agent Ron Koenigsberg

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail & Office Building For Sale

    This retail and office building is available for sale in Hempstead, New York. The property features high ceilings and a basement that is currently occupied by Nassau County. One tenant is operating on a month-to-month basis, while the restaurant tenant has a lease expiring in 2027 with 3% rent increases. The property is located near Front Street, Peninsula Boulevard, Fulton Avenue, and several other major roadways. It is surrounded by various national credit retail tenants, including Bank of America, Harbor Freight, Bethpage Federal Credit Union, TJ Maxx, McDonald’s, and Five Below. The property size is 25,806 square feet.
    Location Intelligence

    Current Use by Public Records

    Law Office of Frank ... Attorney Ernest R Jones ... Attorney Flamin Grill House Jamaican Restaurant Vybez on the Main Jamaican Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Clinton Plaza, Hempstead Village Commons, Fulton Corner, Chino, The Hub

    Location Insight

    • Map
    • Local Demand
    City
    Hempstead
    County
    Nassau
    State
    New York
    Longitude
    -73.6616435
    Latitude
    40.6401665

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    FAQs

    What type of property is this?
    Shopping center - Retail and office building for sale in Hempstead, NY.
    Where is this shopping center located?
    The property is located at 24 Main St Hempstead, NY.
    What is the asking price?
    The asking price for this property is $3,499,000.
    What are key features of this property?
    This property features: - Retail & Office Building in Hempstead, NY.; - Restaurant tenant with lease expiring in 2027 and 3% rent increases.; - Located near Front St, Peninsula Blvd, Fulton Ave, and other major roadways.
    (516) 993-7252
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    24 Main St 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
    24 Main St Hempstead, NY 11550
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