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    46/50 Fulton Ave Hempstead, NY 11550

    For Sale
    $10,000,000

    Prime retail space with long-term tenants and strong cash flow.

    Lot size:
    0.95 Acres

    Property Features for 46/50 Fulton Ave

    General Information

    Lot size
    0.95 Acres

    Building Details

    Year built
    1983

    Source: Keller Williams Rty Gold Coast Agent Paul Q. Zhou CBR

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

    Overview

    Hempstead Strip Mall Investment Opportunity

    This Hempstead strip mall presents an investment opportunity with two commercial buildings totaling approximately 17,500 square feet of retail space. Situated on a 0.95-acre corner lot, equivalent to 39,703 square feet, the property features 15 storefronts. Currently, 11 tenants occupy the spaces, with many having tenancies spanning over 20 years. The location offers high visibility in the growing town of Hempstead, surrounded by national retailers and benefiting from heavy traffic. There are 50 dedicated customer parking spaces. The property generates $637,000 in annual net income, reflecting a 6.38% cap rate.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Hempstead
    County
    Nassau
    State
    New York
    Longitude
    -73.6350993
    Latitude
    40.7050991

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    FAQs

    What type of property is this?
    Strip mall - Prime retail space with long-term tenants and strong cash flow.
    Where is this strip mall located?
    The property is located at 46/50 Fulton Ave Hempstead, NY.
    What is the asking price?
    The asking price for this property is $10,000,000.
    What are key features of this property?
    This property features: - High annual net income of $637,000 at a 6.38% cap rate.; - Prime corner lot location in a high-traffic area of Hempstead.; - 17,500 sq ft of retail space with 15 storefronts.
    (718) 790-3288
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    46/50 Fulton Ave 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
    46/50 Fulton Ave Hempstead, NY 11550
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