456-488 Hempstead Tpke West Hempstead, NY 11552
- Retail properties
- 34,681 SF
- 1.98 lot acres
Current Use by Public Records
- Retail properties
Property Details for 456-488 Hempstead Tpke
- Year built
- 1949
- Lot size
- 1.98 lot acres
- Property size
- 34,681 SF
- Property type
- Retail properties
Description
Cherry Valley Plaza, located at 456-488 Hempstead Turnpike in West Hempstead, NY 11552, presents a compelling investment opportunity. This single-story, 34,681 square foot retail center, built in 1949, sits on a 1.98-acre lot and boasts a Class C rating. The property features 15 suites, with currently 325 square feet of vacant space available, offering potential for immediate income generation. Suite sizes range from 325 to 1,370 square feet, catering to a variety of retail businesses. Ample parking is provided with 165 spaces, including 117 at grade level and 48 in a lower-level garage. The center benefits from its high-traffic location on Hempstead Turnpike, a major thoroughfare, establishing it as a prominent retail destination in West Hempstead. Current tenants include notable businesses such as Pet Supplies Plus, GameStop, Tropical Smoothie, Fit Body Boot Camp, Liberty Tax, and European Wax Center, demonstrating strong tenant occupancy and a diverse mix of retail offerings. The property is well-maintained and professionally managed. This is an excellent opportunity to acquire a well-established retail center in a thriving community. The property offers a strong foundation for continued growth and profitability.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Hempstead
- County
- Nassau
- State
- New York
- Longitude
- -73.6563
- Latitude
- 40.706
