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    481-503 Hempstead Ave West Hempstead, NY 11552

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    For Sale
    $3,350,000

    Multi-tenant building suitable for industrial, office, and retail use.

    Property size:
    12,400 SF
    Lot size:
    0.42 Acres

    Property Features for 481-503 Hempstead Ave

    General Information

    Size
    12,400 SF
    Lot size
    0.42 Acres

    Source: Premier Commercial Real Estate Agent Jeffrey Schwartzberg

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

    Overview

    West Hempstead Multi-Tenant Building

    This multi-tenanted building features 8 units for sale, located on a main thoroughfare in the heart of West Hempstead. Each unit is approximately 1,400 square feet on approximately 2,000 square foot lot. The building is suitable for light industrial, office, and retail use. The building is separately metered. One current tenant occupies 1,400 square feet. The property benefits from great exposure on heavily traveled Hempstead Avenue. Loading access is available from Hempstead Avenue at the front of the building. Street parking is available, and a municipal parking lot is adjacent to the property. The property is on sewers. The units can be purchased individually or together. The owner will also consider renting each unit.
    Location Intelligence

    Current Use by Public Records

    Flex space

    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

    Brock's Deli, Grapevine Events

    Location Insight

    • Map
    • Local Demand
    City
    West Hempstead
    County
    Nassau
    State
    New York
    Longitude
    -73.6543483
    Latitude
    40.6964653

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    FAQs

    What type of property is this?
    Flex space - Multi-tenant building suitable for industrial, office, and retail use.
    Where is this flex space located?
    The property is located at 481-503 Hempstead Ave West Hempstead, NY.
    What is the asking price?
    The asking price for this property is $3,350,000.
    What are key features of this property?
    This property features: - High-traffic location on Hempstead Ave offers excellent exposure.; - Eight units available, each approximately 1,400 sq ft on a 2,000 sq ft lot, providing flexible options.; - Multi-tenanted building with separate metering, suitable for diverse business types.
    (516) 284-8000
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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
    481-503 Hempstead Ave West Hempstead, NY 11552
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