Building Details

Building Size 1,200 SF

Year Built 1950

Listing Agency: Newman Realty Inc l***@gmail.com Show Phone

Listed By: Leon Sanchez GRI

Source: Cohenandcohenrealty

Added: Jan 6 Changed: Aug 30 Last Checked: Aug 31 at 5:12PM

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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 Newman Realty Inc

Investment Insights

Based on property information with market context.

This storefront property occupies a northeast corner position at 345-349 Hempstead Avenue in Malverne, New York. The space includes 1,200 SF at the storefront level along with basement area, providing a ground-floor commercial layout with supplemental storage or operational space.

The building was constructed in 1950 and is located in the Malverne commercial area. Availability is scheduled for February 1st, offering a defined start date for a future occupant.

Key Highlights

• 1,200 SF storefront space plus basement area
• Northeast corner location at 345‑349 Hempstead Avenue
• Located in Malverne, NY 11565

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Barber Shop Skin Care Clinic

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

Location Intelligence

Trade Area within ½ mile

580

Businesses Nearby

9k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 80% Dining 20%

Chase Bank Shops & Services

5,576 visits/mo 0.1 miles

Webster Bank Shops & Services

1,956 visits/mo 0.1 miles

Villagio Dining

1,380 visits/mo 0.1 miles

Angelo's Pizza Dining

468 visits/mo 0.2 miles

Demographics for 11565, NY

8,845

Population

3,466

Households

2.6

Avg Household Size

47

Median Age

56%

College-Educated

96%

High-School Grad

1.1 sq mi

ZIP Area

8,041

Density / Sq Mi

$145,290

Median Household Income

$72,548

Median Earnings

$1,861

Median Rent

$628,500

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

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the lease rate? Find similar properties ... What are key features of this property?

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Similar For Rent Nearby

Storefront Office with Basement

16 Broadway, Malverne, NY 11565

$2,400/Mo

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Retail Space with Parking

360-374 Hempstead Ave, Malverne, NY 11565

Contact for pricing

1,800 sqft

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Similar Off Market Nearby

• Flowers Wedding Boutique, Inc. — 533 Pinebrook Ave, West Hempstead, NY 11552

Frequently Asked Questions

What type of property is this?

Storefront property - Northeast corner positioning offers street-facing exposure within a commercial building with additional basement area.

Where is this storefront property located?

The property is located at 345-349 Hempstead Avenue Malverne, NY.

What is the lease rate?

The lease rate is $3,600/Mo.

What are key features of this property?

This property features: 1,200 SF storefront space plus basement area; Northeast corner location at 345‑349 Hempstead Avenue; Located in Malverne, NY 11565