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    1529 Hempstead Tpke Elmont, NY 11003

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    For Sale
    $4,999,999

    Versatile commercial property near UBS Arena with retail and parking.

    Property size:
    7,200 SF
    Lot size:
    0.40 Acres

    Property Features for 1529 Hempstead Tpke

    General Information

    Size
    7,200 SF
    Lot size
    0.40 Acres

    Source: NY Space Finders Agent Nicholas Evangelista

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

    Overview

    Prime Commercial Property Near UBS Arena

    This commercial property, located 1.5 miles from the UBS Arena development and the upcoming Belmont Park development, offers a prime opportunity for investors and end-users. The property encompasses a total of 8,800 square feet, featuring two retail storefronts, each spanning 800 square feet and including a full basement. There are 24 on-site parking spaces. The property is equipped with central air conditioning and gas baseboard heating. It is connected to the sewer system, and the 7,200 square foot main building is constructed on a solid slab foundation. A standout feature of this property is the steel beam support system, which offers flexibility in space configuration, allowing division for multiple tenants or reconfiguration to suit business requirements. The location is near the newly developed UBS Arena and UBS LIRR Station, providing easy access for commuters and increased foot traffic.
    Insight Report Location Intelligence

    Current Use by Public Records

    Elmont Funeral Home Funeral Home First Funeral Home ... Funeral Home 中華緣殯儀館 Funeral Home First Funeral Home ... Funeral Home

    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

    Benicia Florist Same Day Delivery Inc, Westgate Florist of Elmont

    Location Insight

    • Map
    • Local Demand
    City
    Elmont
    County
    Queens
    State
    New York
    Longitude
    -73.697815
    Latitude
    40.706844

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    FAQs

    What type of property is this?
    Storefront property - Versatile commercial property near UBS Arena with retail and parking.
    Where is this storefront property located?
    The property is located at 1529 Hempstead Tpke Elmont, NY.
    What is the asking price?
    The asking price for this property is $4,999,999.
    What are key features of this property?
    This property features: - Prime location just 1.5 miles from the UBS Arena and upcoming Belmont Park development.; - Substantial 8,800 sq ft commercial property featuring two 800 sq ft retail storefronts, each with a full basement.; - Enjoy customer and employee convenience with 24 on-site parking spaces.
    (516) 385-7725
    Request Owner's contact information
    1529 Hempstead Tpke Elmont, NY 11003
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    Elmont, NY 11003
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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
    1529 Hempstead Tpke Elmont, NY 11003
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