503-505 Eagle Ave Ave Hempstead, NY 11552
- Mixed-use properties
- 9,800 SF
- 0.18 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 503-505 Eagle Ave Ave
- Year built
- 1954
- Lot size
- 0.18 lot acres
- Property size
- 9,800 SF
- Property type
- Mixed-use properties
Description
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.
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
- -73.6527
- Latitude
- 40.6953
