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Mixed-Use Property with Storefronts
For Sale
$1,925,000

557 Hempstead Turnpike, Hempstead, NY 11003

The vacant package includes residential and storefront components, garage and storage space, and paved outdoor area.

Property SizeContact for details
Days on Market13

Property Features for 557 Hempstead Turnpike

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $13,198
Listing Agency: OneSpace Realty Group LLC
Listed By: Roody Casseus
Source: Exprealty
Added: Oct 9 Changed: Oct 21 Last Checked: Oct 21 at 2:16AM

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 OneSpace Realty Group LLC

Rey
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Investment Insights

Based on property information with market context.

The offering combines 555 and 557 Hempstead Turnpike. Both properties are vacant, with residential and commercial storefront components, garage and storage space, and paved outdoor area. The 557 Hempstead Turnpike parcel is a finished, paved corner lot measuring 4,535 square feet, with exposure to three streets: north, east, and south. The package is commercially zoned, and the existing site features include space that could support off-street parking.

The properties are on Hempstead Turnpike, near UBS Arena and Belmont Park. The listing identifies access to Queens, New York City, and communities across Long Island.

Key Highlights

  • Two adjoining parcels at 555 and 557 Hempstead Turnpike; both are vacant
  • 557 Hempstead Turnpike is a 4535sqft paved corner lot
  • Corner parcel has exposure to 3 streets: North/East/South

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Skin Care Clinic Parking Lot & Garage

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

793
Businesses Nearby
301k
Monthly Visits Nearby

Foot Traffic Nearby

Home Improvements & Furnishings 22% Dining 21% Shops & Services 19% Superstores 19%
The Home Depot Home Improvements & Furnishings
66,804 visits/mo 0.3 miles
Target Superstores
57,008 visits/mo 0.2 miles
Marshalls Apparel
52,121 visits/mo 0.3 miles
Chipotle Mexican Grill Dining
19,782 visits/mo 0.2 miles
Exxon Shops & Services
16,971 visits/mo 0.1 miles

Demographics for 11003, NY

43,979
Population
12,641
Households
3.5
Avg Household Size
40
Median Age
33%
College-Educated
87%
High-School Grad
4.1 sq mi
ZIP Area
10,727
Density / Sq Mi
$123,000
Median Household Income
$53,302
Median Earnings
$2,315
Median Rent
$576,500
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

Frequently Asked Questions

What type of property is this?
Mixed-use property - The vacant package includes residential and storefront components, garage and storage space, and paved outdoor area.
Where is this mixed-use property located?
The property is located at 557 Hempstead Turnpike Hempstead, NY.
What is the asking price?
The asking price for this property is $1,925,000.
What are key features of this property?
This property features: Two adjoining parcels at 555 and 557 Hempstead Turnpike; both are vacant; 557 Hempstead Turnpike is a 4535sqft paved corner lot; Corner parcel has exposure to 3 streets: North/East/South
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