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3-Story Multi-Tenant Retail Building
For Sale
Contact for pricing
Pending

236 Fulton Ave, Hempstead, NY 11550

Multi-tenant 3-story retail building with 32 units, 236 parking spaces, and updated LED lighting.

Property Size33,768 SF
Days on Market112

Property Features for 236 Fulton Ave

General Information

Standard status Pending
Size 33,768 SF
Total Parking Spaces 236
Property subtype Mixed Use

Additional Details

Cap Rate 12.49%
Traffic Count 43,000 vehicles/day

Amenities

LED lighting
handicap parking
handicap bathrooms
motion sensor lights
central air conditioning

Building Details

Stories 3
Tenancy Multi
Listing Agency: All Island Estates Realty Corporation
Listed By: Matthew Shane · License #NY 10311207810
Source: Crexi
Added: Apr 11 Changed: Jul 22 Last Checked: Jul 30 at 5:29AM

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 All Island Estates Realty Corporation

Investment Insights

Based on property information with market context.

This 3-story multi-tenant retail building is offered for sale with 32 units. The building features excellent signage, high ceilings, updated LED lighting, and air conditioning, along with handicap parking and handicap bathrooms. Motion sensor lights are also included, and the property offers a total of 236 parking spaces.

Positioned at the major lighted intersection of Fulton Avenue and N. Franklin Street in Hempstead, the asset is described as having 43,000+ vehicles per day. It is around the block from the Hempstead LIRR station. The surrounding area includes a range of prominent retailers and service users such as Home Depot, McDonald’s, Checkers, AutoZone, Chase, Harbor Freight, Chuck E. Cheese, White Castle, 7-Eleven, Walgreens, TD Bank, Old Navy, Stop & Shop, Retro Fitness, Burger King, Staples, Family Dollar, Pep Boys, and Public Storage.

The first floor is described as having four national tenants, and the listing references attached income and expense information for further review.

Key Highlights

  • 33,768 SF, 3‑story multi‑tenant retail building with 32 units
  • 4 national tenants on the 1st floor
  • 236 parking spaces plus handicap parking and handicap bathrooms

Property Analytics

Current Use

Fast Track Home ... Loan Service Martinez & Martinez Law Firm Brows By Nancy Hair Salon Power Salon Nail Salon Dejus Center Social Service Agency

Suggested Use

Top Pick Real Estate Agency Gym & Fitness Center Skin Care Clinic Hotel & Motel Veterinary Clinic (Bike/Boat/Book/etc) Store

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

43,000 VPD
Traffic count
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,996
Businesses Nearby
453k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 27% Groceries 21% Dining 20% Home Improvements & Furnishings 17%
The Home Depot Home Improvements & Furnishings
49,626 visits/mo 0.2 miles
McDonald's Dining
40,780 visits/mo 0.2 miles
T.J. Maxx Apparel
37,575 visits/mo 0.2 miles
Food Bazaar Supermarket Groceries
31,686 visits/mo 0.3 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
Rey
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Similar Off Market Nearby

  • Clinton Plaza — 80 Clinton St, Hempstead, NY 11550
  • Hempstead Village Commons — 340 peninsula blvd, hempstead, ny 11550
  • Fulton Corner — 236 Fulton Ave, Hempstead, NY 11550
  • Chino — 12 n franklin st, hempstead, ny 11550
  • The Hub — 132-178 Fulton Ave, Hempstead, NY 11550

Frequently Asked Questions

What type of property is this?
Shopping center - Multi-tenant 3-story retail building with 32 units, 236 parking spaces, and updated LED lighting.
Where is this shopping center located?
The property is located at 236 Fulton Ave Hempstead, NY.
What are key features of this property?
This property features: 33,768 SF, 3‑story multi‑tenant retail building with 32 units; 4 national tenants on the 1st floor; 236 parking spaces plus handicap parking and handicap bathrooms
More about this property
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