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    42 Hempstead Tpke Farmingdale, NY 11735

    Sponsored
    For Sale
    $2,600,000

    Farmingdale, NY commercial lot: prime location, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land opportunity in Farmingdale, NY, presents a significant investment prospect. Located at 42 Hempstead Turnpike, this 41,630 square foot lot boasts a prime location with high visibility on a major thoroughfare. The property includes an existing 1,239 square foot building, constructed in 1962, and offers eight parking spaces. Zoned for Commercial/Multi-Use purposes, this versatile property allows for a wide range of potential uses. Currently operating as a nursery, the site presents an ideal platform for a new business venture or expansion. The asking price is $2,600,000, with annual taxes of $58,437. Situated in Nassau County, NY, with the address 42 Hempstead Tpke, Farmingdale, NY 11735, this property offers unparalleled exposure and potential for substantial return on investment. The property's location provides easy access to major transportation routes and a thriving local community. This is a rare opportunity to acquire a significant commercial property in a highly desirable area. Don't miss this chance to secure a valuable asset in a dynamic market.

    Property Features for 42 Hempstead Tpke

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Ralph's Nursery & Garden ... Plant Nursery

    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
    Farmingdale
    County
    Nassau
    State
    New York
    Longitude
    -73.4604153
    Latitude
    40.7301528

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    FAQs

    What type of property is this?
    Land - Farmingdale, NY commercial lot: prime location, high visibility.
    Where is this land located?
    The property is located at 42 Hempstead Tpke Farmingdale, NY.
    What is the asking price?
    The asking price for this property is $2,600,000.
    Request Owner's contact information
    42 Hempstead Tpke Farmingdale, NY 11735
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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
    42 Hempstead Tpke Farmingdale, NY 11735
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