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    OFF-MARKET
    Land

    40 Hempstead Gardens Dr, West Hempstead, NY 11552

    2.01 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.01-acre commercial land parcel, located at 40 Hempstead Gardens Drive in West Hempstead, NY 11552, presents a compelling investment opportunity. Zoned URDC (Urban Renewal Residence C District), this property boasts a substantial 87,861 square feet and is ideally situated near Hampstead Avenue. Previously approved for the construction of 55 residential units (54 units plus a superintendent's unit), the site offers significant potential for redevelopment. The property is being sold "as is," and buyers are responsible for conducting their own due diligence. All offers must include proof of funds and will be subject to court receiver and court approval. Former plans are available upon request. The asking price for this prime commercial land is $4,000,000. Serious inquiries should be submitted via email to [email protected] or fax to 516-908-7605. This is a rare chance to acquire a large, well-located parcel with a proven history of development approval in a desirable Nassau County location. Don't miss this opportunity to capitalize on the potential of this exceptional property.

    Property profile
    Verified
    Property type Land
    Lot 2.01 ac (87,556 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
    • All Around taxi Freight Service Logistics Company
    Value estimations
    Realmo proprietary · 4 methods
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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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