Building Details

Stories 1

Listing Agency: Meridian Capital Group Show Phone

Listed By: Eugene Kim · License #NY 10401241548

Source: Crexi

Added: Apr 10 Changed: Aug 14 Last Checked: Aug 14 at 7:33AM

Report an Issue

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 Meridian Capital Group

Investment Insights

Based on property information with market context.

This single-story retail strip center totals approximately 7,800 square feet, plus a full basement, and is arranged into six retail units. Five of the six units are currently occupied and leased on a NNN basis.

The center is anchored by Chase Bank and is situated on the southeast corner of Hempstead Avenue and Arlington Avenue in Malverne, Nassau County, New York. The property is in proximity to the Malverne Long Island Rail Road Station and the Southern State Parkway.

Cushman & Wakefield is retained on an exclusive basis to arrange the sale. The current rents average $43.55/SF, and the property features long-term leases in place.

Key Highlights

• Single‑story retail strip center totaling approx. 7,800 SF (plus full basement) with six retail units
• Anchored by Chase Bank at the southeast corner of Hempstead Avenue and Arlington Avenue
• Five of six units are currently occupied and leased on a NNN basis

Property Analytics

Current Use

Shopping centers

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

Yes

Highway access

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this shopping centers located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Legal Two-Family Home with Patio

2 Birch Road, Malverne, NY 11565

$899,888

0.15 Acres

View details

Two-Story Mixed-Use Office Building

269 Hempstead Ave, Malverne, NY 11565

Contact for pricing

0.24 Acres

View details

Similar Off Market Nearby

• Jairo — 818 Monroe St, West Hempstead, NY 11552

Frequently Asked Questions

What type of property is this?

Shopping center - Single-story retail strip center with six units, anchored by Chase Bank and structured with NNN leases.

Where is this shopping center located?

The property is located at 360-374 Hempstead Avenue Malverne, NY.

What are key features of this property?

This property features: Single‑story retail strip center totaling approx. 7,800 SF (plus full basement) with six retail units; Anchored by Chase Bank at the southeast corner of Hempstead Avenue and Arlington Avenue; Five of six units are currently occupied and leased on a NNN basis