Retail Storefront with Lease
For Sale
Contact for pricing
588 Central Avenue, Hempstead, NY 11516
Retail storefront for sale with approximately 1,500 square feet and an in-place lease running nearly eight years.
Property Size1,500 SF
Days on Market109
Property Features for 588 Central Avenue
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Business for Sale, Retail
Listing Agency:
M&J Partners Realty, LLC
(212) 300-6412
Listed By:
Marc Jeret · License #NY
Source:
Crexi
Added: Apr 24
Changed: Aug 8
Last Checked: Jul 23 at 1:47PM
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 M&J Partners Realty, LLC
Investment Insights
Based on property information with market context.
This retail storefront property is offered for sale with a lease buyout. The offering notes an in-place lease with nearly eight years remaining.
The space is described as approximately 1,500 square feet and is located at 588 Central Avenue in Hempstead, New York.
The seller indicates the current lease rent is approximately $4,700. Terms beyond the noted buyout and lease timing are not detailed in the provided information.
The space is described as approximately 1,500 square feet and is located at 588 Central Avenue in Hempstead, New York.
The seller indicates the current lease rent is approximately $4,700. Terms beyond the noted buyout and lease timing are not detailed in the provided information.
Key Highlights
- Retail storefront for sale with approximately 1,500 +/- sq ft
- In‑place lease runs nearly 8 years
- Current lease rate is $4,700 per month
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,054
Businesses Nearby
19k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 94%
Dining 6%
Capital One Bank
Shops & Services
7,497 visits/mo
0.2 miles
Bank of America
Shops & Services
6,179 visits/mo
0.3 miles
Citibank
Shops & Services
3,778 visits/mo
0.0 miles
Haagen-Dazs
Dining
1,051 visits/mo
0.1 miles
Demographics for 11516, NY
8,394
Population
3,346
Households
2.5
Avg Household Size
33
Median Age
47%
College-Educated
95%
High-School Grad
0.9 sq mi
ZIP Area
9,327
Density / Sq Mi
$102,083
Median Household Income
$59,919
Median Earnings
$2,204
Median Rent
$818,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront for sale with approximately 1,500 square feet and an in-place lease running nearly eight years.
Where is this storefront property located?
The property is located at 588 Central Avenue Hempstead, NY.
What are key features of this property?
This property features: Retail storefront for sale with approximately 1,500 +/- sq ft; In‑place lease runs nearly 8 years; Current lease rate is $4,700 per month
