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Corner Development Opportunity on Hempstead
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340 Hempstead Tpke, Hempstead, NY 11552

Hard Corner Development Opportunity

Property Size2,314 SF
Lot Size0.00 Acres
Days on Market422

Property Features for 340 Hempstead Tpke

General Information

Standard status Active
Property type Other office properties, Office Spaces
Size 2,314 SF
Net Rentable 2,314 SF
Total Parking Spaces 34
Elevators No
Lot size 0.00 Acres

Building Details

Buildings 1
Stories 1
Listed By: Lara Sessler
Added: Sep 5, 2025 Changed: Mar 16
Rey
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Investment Insights

Based on property information with market context.

This property features a 2,314 square foot freestanding building situated on a 0.60 acre parcel. It is located on a hard corner with a signalized intersection on Hempstead Turnpike, which experiences traffic counts exceeding 30,870 vehicles per day. The property includes curb cuts on both Hempstead Turnpike and New York Avenue, along with 34 parking spaces. The current real estate taxes are $49,847.74. The property is currently operating as a Burger King but will be delivered vacant.

Property Analytics

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Open Analytics

Current Use

Burger King Restaurant

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Nursing Home Pet Grooming Service (Bike/Boat/Book/etc) Store Catering 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.

Location Intelligence

Trade Area within ½ mile

1,438
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Office property - Hard Corner Development Opportunity
Where is this office property located?
The property is located at 340 Hempstead Tpke Hempstead, NY.
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