1529 Hempstead Tpke Elmont, NY 11003
For Sale
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This exceptional Elmont, NY commercial property, located at 1529 Hempstead Turnpike, presents a compelling investment opportunity for both end-users and investors. The 8,800 square foot mixed-use building sits on a 0.41-acre lot and offers significant versatility. The property features two 800-square-foot retail storefronts, each complemented by a full basement ideal for storage or expansion. Ample parking is provided with 24 on-site spaces, ensuring convenience for customers and employees. Year-round comfort is guaranteed with central air conditioning and gas baseboard heating. The main 7,200 square foot building is constructed on a durable slab foundation and incorporates a robust steel beam support system, allowing for flexible space configuration to accommodate multiple tenants or a single large operation. The property is connected to the sewer system. Its strategic location near major transportation hubs, including the newly developed UBS Arena and UBS LIRR Station, ensures high visibility and accessibility, attracting significant foot traffic and benefiting from the area's growth potential. This makes it an attractive investment in a vibrant and developing commercial area. The asking price is $5,250,000.
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Elmont Funeral Home Social Service Agency
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First Funeral Home Inc Social Service Agency
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中華緣殯儀館 Social Service Agency
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First Funeral Home 제일 장의사 Social Service Agency
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.