148 James L L Burrell Ave Hempstead, NY 11550
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 148 James L L Burrell Ave
- Property type
- Commercial real estate
Description
This exceptional Hempstead commercial property presents a lucrative investment opportunity. Located at 148 James L L Burrell Ave, this well-established business boasts a substantial 4400 square feet of space, encompassing a 2200 square foot first floor and an equally sized 2200 square foot basement. Recently renovated, the store is currently operating as a convenience store with a strong revenue stream generated from lottery ticket sales, cigarettes, and beer. All necessary licenses are in place. The property enjoys a high gross profit of $245,700 and a net operating income (NOI) of $169,600. The current monthly rent is $3,500, with lease terms open to negotiation. The asking price of $350,000 does not include inventory. This turnkey operation offers immediate income generation and significant upside potential for a savvy investor. The property's prime location in Hempstead ensures high visibility and consistent customer traffic. The substantial square footage provides ample space for expansion or diversification of the existing business model. This is a rare opportunity to acquire a profitable, established business with significant growth potential in a desirable location. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hempstead
- County
- Nassau County
- State
- New York
- Longitude
- -73.6161
- Latitude
- 40.7192
