1244 Broadway, Hewlett, NY 11557-1917
This exceptional 3,750 square foot retail building presents a remarkable investment opportunity in the thriving Hewlett, NY market. Situated on a prominent corner lot at the intersection of West Broadway, Hewlett Parkway, and Mill Road, this property boasts unparalleled visibility and accessibility. The building currently operates as a dry cleaner, generating rental income, although the tenant is month-to-month and does not have a formal lease. The substantial 30-space parking lot caters to both tenants and customers, ensuring ample convenience. This multi-use building offers significant potential for redevelopment or continued operation as a retail space. Its location within the highly desirable Hewlett-Woodmere School District adds to its appeal. The property's buildable nature presents exciting possibilities for expansion or the construction of new structures, making it an ideal acquisition for builders and investors seeking a prime location with high traffic volume. The absence of a long-term lease provides flexibility for future plans. This is a rare opportunity to acquire a well-situated, income-generating property with substantial upside potential in a sought-after area. Serious inquiries only.
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Cedarwood Cleaners (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.