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    875 Hempstead Ave West Hempstead, NY 11552

    Sponsored
    For Lease
    $275,000

    Prime 1-acre commercial lot, high visibility.

    Lot size:
    43,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1-acre commercial land parcel presents a unique investment opportunity in West Hempstead, NY. Located at 875 Hempstead Avenue, at the corner of Hempstead Avenue and Nassau Boulevard, this property boasts unparalleled visibility and accessibility. The site is situated on the south side of a church lot, directly adjacent to a McDonald's restaurant, ensuring high traffic counts and strong brand recognition for any future development. Zoned for commercial use, this single-tenant land offers significant potential for a variety of businesses. The property's location provides easy access to major roadways, ensuring convenient access for customers and employees. This is a rare opportunity to acquire a highly visible and strategically located commercial land parcel in a thriving community. The property's size and location make it ideal for a wide range of commercial developments, from retail establishments to restaurants and other businesses. This is a first-time offering, representing a unique chance to secure a prime piece of commercial real estate in a desirable location. The property's address is 875 Hempstead Ave, West Hempstead, NY 11552. The lot is approximately one acre in size.

    Property Features for 875 Hempstead Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,560 SF
    Total Rate
    275000

    Unit(s) available at that property

    Space
    Size
    43,560 SF
    Rate per SF
    $300,000

    HighLights

    • 1‑acre commercial land parcel in West Hempstead, NY, at 875 Hempstead Avenue.
    • High visibility corner lot at Hempstead Avenue and Nassau Boulevard, adjacent to McDonald's.
    • Zoned for commercial use, ideal for various businesses.
    • Excellent access to major roadways.
    • First‑time offering of this prime, one‑acre commercial lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    West Hempstead
    County
    Nassau
    State
    New York
    Longitude
    -73.661140217455
    Latitude
    40.686883959611

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    FAQs

    What type of property is this?
    Land - Prime 1-acre commercial lot, high visibility.
    Where is this land located?
    The property is located at 875 Hempstead Ave West Hempstead, NY.
    What is the lease rate?
    The lease rate is $300,000.
    What are key features of this property?
    This property features: 1-acre commercial land parcel in West Hempstead, NY, at 875 Hempstead Avenue.; High visibility corner lot at Hempstead Avenue and Nassau Boulevard, adjacent to McDonald's.; Zoned for commercial use, ideal for various businesses.
    Request Owner's contact information
    875 Hempstead Ave West Hempstead, NY 11552
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    West Hempstead, NY 11552
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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
    875 Hempstead Ave West Hempstead, NY 11552
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