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    OFF-MARKET
    Mixed-use properties

    503-505 Eagle Ave Ave, Hempstead, NY 11552

    9,800 SF 0.18 ac lot Built 1954
    Property ID
    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 503-505 Eagle Avenue in Hempstead, NY, presents a rare investment opportunity. The 9,800 square foot building sits on a 0.18-acre lot and boasts 126.25 feet of frontage on a busy street. Currently vacant, the property offers immense potential for a variety of uses, including but not limited to autobody repair, general contracting, electrical or plumbing services, or cabinet manufacturing. The building's layout includes three storefronts and a central warehouse area equipped with convenient overhead doors at both the front and rear, facilitating easy loading and unloading. Ample parking for eight vehicles is available at the rear of the building. Adding to its versatility, a two-bedroom apartment is included, providing potential for rental income. The building's dimensions are 187 feet by 85 feet, with approximately 40% of the space suitable for office use. Its prime location next to the Long Island Rail Road (LIRR) ensures excellent accessibility to the five boroughs and provides high visibility for any business. The asking price for this unique property is $1,199,000. This is a truly remarkable opportunity for an investor or business owner seeking a high-impact location with significant potential for growth and profitability.

    Property profile
    Verified
    Property type Mixed-use properties
    Year built 1954
    Total area 9,800 SF
    Lot 0.18 ac (7,841 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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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