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    700 Woodfield Rd W Hempstead, NY 11552

    For Sale
    $2,900,000

    Stand-alone building with flexible uses on a +32,000 SF lot.

    Property size:
    10,000 SF
    Lot size:
    0.74 Acres

    Property Features for 700 Woodfield Rd

    General Information

    Size
    10,000 SF
    Lot size
    0.74 Acres

    Source: RIPCO Real Estate - Queens Agent Stephen R. Preuss

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

    Overview

    Stand-Alone Building with On-Site Parking

    This stand-alone building, previously operated as a supermarket, features 10,000 square feet on the ground floor and an additional 10,000 square feet in the basement. The basement includes several walk-in refrigerators and freezers. The building dimensions are 100 feet by 100 feet with approximately 13-foot ceilings. Situated on a +32,000 square foot lot, the property allows for a variety of uses or subdivision opportunities. The surrounding area has a dense population with over 262,439 residents within a three-mile radius and an average income of over $170,000.
    Insight Report Location Intelligence

    Current Use by Public Records

    ATM Atm

    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.

    Similar Places Nearby

    Key food

    Location Insight

    • Map
    • Local Demand
    City
    W Hempstead
    County
    Nassau
    State
    New York
    Longitude
    -73.6528166
    Latitude
    40.6859356

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    FAQs

    What type of property is this?
    Grocery and convenience store - Stand-alone building with flexible uses on a +32,000 SF lot.
    Where is this grocery and convenience store located?
    The property is located at 700 Woodfield Rd W Hempstead, NY.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: - Stand-alone building with on-site parking.; - **Strong demographics**: Over 262,439 residents within three miles with an average income of +$170,000.; - **Large lot size**: +32,000 SF lot allowing for a variety of uses or subdivision opportunities.
    (516) 647-7155
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    700 Woodfield Rd W Hempstead, NY 11552
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    W 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
    700 Woodfield Rd W Hempstead, NY 11552
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