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Renovated Retail Space on Fulton
For Lease
$34 SF/Yr

316-318 Fulton Ave, Hempstead, NY 11550

Retail space in renovated building on Fulton Avenue corridor.

Space SizeContact for details
Property Size3,534 SF
Days on Market165

Property Features for 316-318 Fulton Ave

General Information

Standard status Active
Size 3,534 SF
Property subtype Commercial
Lease Term 12 months

Taxes and HOA fees

Annual Taxes $1.00

Building Details

Building Size 3,534 SF
Listing Agency:
Listed By: Ira H. Axelrod
Source: Elliman
Added: Mar 11 Changed: Aug 16 Last Checked: Aug 21 at 1:10PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ira H. Axelrod

Investment Insights

Based on property information with market context.

This retail space is located in a renovated building featuring high ceilings. The property is situated on a corner along Fulton Avenue in Hempstead, with a reported traffic volume exceeding 40,000 vehicles per day. Neighboring businesses include Walgreens, Checkers, Rent-A-Center, Subway, The Home Depot, and Family Dollar. The space can be delivered as a white box. The location is near Hofstra and Adelphi Universities, as well as the Hempstead train station. Potential uses include medical, fitness, food, or general retail.

Key Highlights

  • Prominent corner location on Fulton Avenue with high daily car views (over 40,000)
  • Beautifully renovated building with high ceilings, suitable for various retail uses
  • Proximity to major retailers including Walgreens, Checkers, Rent‑A‑Center, Subway, The Home Depot and Family Dollar

Property Analytics

Current Use

Future Idea Insurance ... Insurance Agency

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Gym & Fitness Center Hotel & Motel Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$5.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,880
Businesses Nearby
433k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 25% Groceries 22% Dining 19% Home Improvements & Furnishings 18%
The Home Depot Home Improvements & Furnishings
49,626 visits/mo 0.4 miles
McDonald's Dining
40,780 visits/mo 0.3 miles
T.J. Maxx Apparel
37,575 visits/mo 0.2 miles
Food Bazaar Supermarket Groceries
31,686 visits/mo 0.5 miles
Aldi Groceries
30,727 visits/mo 0.2 miles

Demographics for 11550, NY

61,901
Population
19,579
Households
3.2
Avg Household Size
36
Median Age
21%
College-Educated
77%
High-School Grad
4.2 sq mi
ZIP Area
14,738
Density / Sq Mi
$86,904
Median Household Income
$40,662
Median Earnings
$1,647
Median Rent
$446,500
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space in renovated building on Fulton Avenue corridor.
Where is this retail space located?
The property is located at 316-318 Fulton Ave Hempstead, NY.
What is the lease rate?
The lease rate is $34 SF/Yr.
What are key features of this property?
This property features: Prominent corner location on Fulton Avenue with high daily car views (over 40,000); Beautifully renovated building with high ceilings, suitable for various retail uses; Proximity to major retailers including Walgreens, Checkers, Rent‑A‑Center, Subway, The Home Depot and Family Dollar
More about this property
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