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Property profile & analytics
FOR SALE
Grocery and convenience stores

1285 Hempstead Tpke Elmont, NY 11003

7,721 SF 0.27 ac lot Built 1954
Individually Owned 28-yr Hold ~ Est. High Equity
Property ID
US63-2053803
1285 Hempstead Tpke, Elmont, NY 11003 For Sale
$2,500,000 7,721 SF
1285 Hempstead Tpke, Elmont, NY 11003
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Property summary
AI-generated overview

This exceptional commercial property, located at 1285 Hempstead Turnpike in Elmont, New York, presents a significant investment opportunity. Boasting a substantial 7,596 square feet of space, this general commercial building offers immense potential for a variety of businesses. The property is situated on a lot with no acreage, making it ideal for businesses that require convenient access and high visibility along a major thoroughfare. The asking price is $2,500,000. Given its prime location on Hempstead Turnpike, this property benefits from high traffic volume and excellent exposure to potential customers. The building's substantial square footage allows for flexible layout configurations, accommodating diverse business needs. This presents a rare chance to acquire a well-positioned commercial property in a thriving Elmont location. The property's size and location make it suitable for a wide range of commercial enterprises, from retail establishments to offices or light industrial uses. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Further details regarding the building's internal layout and specifications are available upon request. Don't miss this opportunity to secure a valuable asset in a dynamic commercial market. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1954
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,721 SF
Lot 0.27 ac (11,587 SF)
APN 35-030-00-0112
UPID US63-2053803
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
  • Butcher Square Take-out & Catering Butcher
  • Ram Green Farm Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.35M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.82M
Owner & transaction history
Yong H Kim · 28 yrs held
Yong H Kim
since 1997
7 recorded transactions
2018
Price N/A
2016
Price N/A
2016
Price N/A
2014
Price N/A
2008
Price N/A
1997
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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