229 Baldwin Rd Hempstead, NY 11550-6900
This exceptional mixed-use property, located at 229 Baldwin Road in Hempstead, New York, presents a compelling investment opportunity. The 6,175 square foot building sits on a 0.22-acre lot and features two separate units, currently offering a mix of occupied and vacant space. Built in 1961, the single-story Class B building is categorized as a medical office, storefront, and traditional office space, making it suitable for a variety of uses. The property benefits from a high-traffic location on Baldwin Road, experiencing over 20,000 vehicles daily. Recent improvements include a brand new roof installed in November 2023. The asking price is $1,400,000, translating to $226.72 per square foot. This fee simple ownership offers a value-add investment opportunity for an owner/user. The property's multi-tenant configuration provides flexibility and potential for increased rental income. The building's versatile nature and prime location make it an attractive prospect for investors seeking a strong return on investment in the thriving Hempstead market. The property is situated in Nassau County, New York, with a zip code of 11550. No tenant credit rating is available.
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Ukpabi Okoro MD Physician
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Nassau West Obstetrics & Gyn Physician
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New Vision Temple Church
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SCALE Operations Management Business Management Consultant
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Precision Boxing School Gym & Fitness Center Sports School
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.