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Fully Occupied Retail Building
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156-166 Hempstead Turnpike, West Hempstead, NY 11552

Multi-tenant retail property with a basement and occupant-paid utilities.

Property SizeContact for details
Days on Market143

Property Features for 156-166 Hempstead Turnpike

General Information

Standard status Active
Property subtype Retail
Occupancy 100%

Building Details

Buildings 1
Tenancy Multi
Listing Agency: American Investment Properties
Listed By: Ron Koenigsberg CCIM · License #NY 31K00933350
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 6:49AM

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 American Investment Properties

Investment Insights

Based on property information with market context.

This retail building at 156-166 Hempstead Turnpike in West Hempstead is fully occupied by six tenants. The property includes basement space, while each tenant is responsible for its own utility costs.

The surrounding retail environment includes 7-Eleven, Wendy’s, KFC, a BP Service Station, Cherry Valley Deli, and auto repair shops. The property is offered for sale as an occupied storefront asset with established tenant occupancy.

Key Highlights

  • Fully occupied retail building with 6 tenants
  • Tenants pay their own utilities
  • Basement included in the building

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage Nursing Home (Bike/Boat/Book/etc) Store Butcher Pet Store Pet Store & Service

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

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,264
Businesses Nearby
189k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 49% Dining 45% Apparel 6%
Dollar Tree Shops & Services
30,973 visits/mo 0.1 miles
Shell Shops & Services
20,198 visits/mo 0.2 miles
Wendy's Dining
16,656 visits/mo 0.3 miles
Dunkin' Donuts Dining
16,188 visits/mo 0.4 miles
McDonald's Dining
14,725 visits/mo 0.4 miles

Demographics for 11552, NY

24,903
Population
7,736
Households
3.2
Avg Household Size
40
Median Age
47%
College-Educated
93%
High-School Grad
3.5 sq mi
ZIP Area
7,115
Density / Sq Mi
$153,192
Median Household Income
$58,371
Median Earnings
$3,185
Median Rent
$615,800
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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Similar Off Market Nearby

  • Elena's Florist 167 Hempstead Ave, West Hempstead, NY 11552
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  • Stop & Shop Florist 132 Fulton Ave, Hempstead, NY 11550

Frequently Asked Questions

What type of property is this?
Storefront property - Multi-tenant retail property with a basement and occupant-paid utilities.
Where is this storefront property located?
The property is located at 156-166 Hempstead Turnpike West Hempstead, NY.
What are key features of this property?
This property features: Fully occupied retail building with 6 tenants; Tenants pay their own utilities; Basement included in the building
(516) 393-2300 Call to check price and availability
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