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    OFF-MARKET
    Land

    160 Marvin Ave, Hempstead, NY 11550

    1.75 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.75-acre commercial land parcel, located at 160 Marvin Avenue in Hempstead, New York, presents a unique investment opportunity. Situated in Nassau County, zip code 11550, this cleared, level, and paved lot is zoned Business B, offering significant development potential. Architectural plans are available for a project ranging from 80,000 to 100,000 square feet, capitalizing on the property's excellent visibility and convenient location. The site enjoys proximity to key transportation hubs, including the Hempstead LIRR station and bus terminal, as well as the courts and shopping centers, ensuring high accessibility and attracting a diverse clientele. This prime location makes it ideal for a wide range of commercial developments. The property is offered for sale, ground lease, or joint venture, providing flexibility to suit various investment strategies. With its strategic location, zoning compliance, and readily available architectural plans, this property represents a compelling opportunity for developers seeking a high-impact commercial project in a thriving area. The latitude and longitude coordinates are 40.7004388 and -73.617677 respectively.

    Property profile
    Verified
    Property type Land
    Lot 1.75 ac (76,230 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • American Legion Advocacy Group Social Service Agency
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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