2550 Hempstead Tpke, East Meadow, NY 11554-2136
This exceptional investment opportunity presents a vacant 4,500-square-foot retail storefront located at 2550 Hempstead Turnpike in East Meadow, New York. The property, built in 1985, is a three-story Class B building situated on a 0.12-acre lot (APN: 2089-51-004-00-0083-0) and offers fee simple ownership. Currently vacant, this storefront presents a value-add opportunity for an opportunistic investor. The asking price is $1,300,000, translating to $288.89 per square foot. The property benefits from its location on Hempstead Turnpike, a high-traffic area with 53,949 cars passing daily, ensuring excellent visibility and accessibility. The building is zoned for commercial use and includes some on-site parking for added convenience. Its prime location is surrounded by other neighborhood retail businesses, creating a synergistic environment. This property is ideal for a variety of retail uses and presents a strong potential for significant return on investment. The net rentable area is 4,500 square feet.
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Executive Auto Sales Car Dealership
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HVAC Drafting & Design Inc Renovation Specialist (Bike/Boat/Book/etc) Store
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Executive Auto Collision Auto Repair Shop
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Life Coach Inc Loan Service Bank
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.