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    1529 Hempstead Tpke Elmont, NY 11003

    Sponsored
    For Sale
    $5,250,000

    Prime Retail Space, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Elmont, NY commercial property, located at 1529 Hempstead Turnpike, presents a compelling investment opportunity. The 8,800 square foot building features two 800 square foot retail storefronts, each complemented by a full basement ideal for storage or expansion. Ample parking is provided with 24 on-site spaces. The property boasts central air conditioning and gas baseboard heating, ensuring year-round comfort. Built on a solid slab foundation with a steel beam support system, the 7,200 square foot main building offers flexibility for various configurations, accommodating multiple tenants or customized layouts. The property is connected to the sewer system. Its strategic location near the newly developed UBS Arena and UBS LIRR Station guarantees high visibility and accessibility, benefiting from increased foot traffic and convenient commuting options for employees and customers. This vibrant area's growth potential makes this a highly attractive investment. The asking price is $5,250,000.

    Property Features for 1529 Hempstead Tpke

    General Information

    Property type
    Retail properties

    Building Details

    Stories
    1

    HighLights

    • $5,250,000 asking price for a 1‑story, 8,800 square foot retail building.
    • Located at 1529 Hempstead Turnpike, Elmont, NY 11003, near UBS Arena and LIRR station.
    • Features two 800 square foot retail spaces with full basements, plus a 7,200 square foot main building on a slab foundation.
    • Includes 24 on‑site parking spaces, central AC, and gas baseboard heating.
    • Steel beam support system allows for flexible space configuration.
    Property Profile Location Intelligence

    Current Use by Public Records

    Elmont Funeral Home Funeral Home First Funeral Home ... Funeral Home 中華緣殯儀館 Funeral Home First Funeral Home ... Funeral Home

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elmont
    County
    Nassau
    State
    New York
    Longitude
    -73.697333746255
    Latitude
    40.706845450637

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, High Traffic Area
    Where is this retail property located?
    The property is located at 1529 Hempstead Tpke Elmont, NY.
    What is the asking price?
    The asking price for this property is $5,250,000.
    What are key features of this property?
    This property features: $5,250,000 asking price for a 1-story, 8,800 square foot retail building.; Located at 1529 Hempstead Turnpike, Elmont, NY 11003, near UBS Arena and LIRR station.; Features two 800 square foot retail spaces with full basements, plus a 7,200 square foot main building on a slab foundation.
    (516) 801-6181
    Request Owner's contact information
    1529 Hempstead Tpke Elmont, NY 11003
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    Elmont, NY 11003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1529 Hempstead Tpke Elmont, NY 11003
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