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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

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.
More about this property
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