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    FOR LEASE
    Banks

    1600 Hempstead Tpke, East Meadow, NY 11554

    3,002 SF 0.9 ac lot Built 2006
    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US63-2327095
    Property summary
    AI-generated overview

    This exceptional 4,102 square foot freestanding retail building, situated at 1600 Hempstead Turnpike in East Meadow, New York, presents a unique investment opportunity. The property boasts a highly visible location on a major thoroughfare in Nassau County, offering unparalleled exposure to a substantial volume of daily traffic. Its single-tenant occupancy provides flexibility and ease of management. The building's design incorporates a convenient drive-thru feature, enhancing its appeal to a wide range of potential tenants. Ample parking is available with 32 spaces provided for customer convenience. The property is currently vacant, presenting a blank canvas for a new business to establish a strong presence in a thriving community. The building's size and configuration are ideal for a variety of retail uses, making it an attractive option for both established businesses seeking expansion and entrepreneurs looking to launch a new venture. Located in the 11554 zip code, this property benefits from excellent access to major transportation routes, ensuring easy accessibility for both employees and customers. This is a rare opportunity to acquire a prime retail space in a high-traffic area with significant growth potential. The property is available for lease.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 2006
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 3,002 SF
    Lot 0.9 ac (39,160 SF)
    APN 50-340-00-0492
    UPID US63-2327095
    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
    • John Stasichin - Mortgage Loan Officer Loan Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.39M
    Blend (final) Blend
    $2.43M
    Owner & transaction history
    Stevenmets LLC · 6 yrs held
    Stevenmets LLC
    since 2019
    7 recorded transactions
    2019
    $4.1M
    2019
    $4.4M
    2019
    $89,000
    2019
    2019
    $356,000
    2005
    $2.5M
    2005
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $2.6M +9.2%
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    More about this property
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