2550 Hempstead Tpke East Meadow, NY 11554-2136
- Office buildings
- 1,645 SF
- 0.12 lot acres
May 18, 2025
Current Use by Public Records
- Executive Auto Sales / Used Car Dealer
- HVAC Drafting & Design Inc / Drafting Service
- Executive Auto Collision / Auto Repair Shop / Towing Service
- Life Coach Inc / Mortgage Lender
Property Details for 2550 Hempstead Tpke
- Year built
- 1985
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.12 lot acres
- Property size
- 1,645 SF
- Property type
- Office buildings
- APN
- 51-004-00-0083
- APU
- 51004000083
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- East Meadow
- County
- Nassau
- State
- New York
- Longitude
- -73.5415
- Latitude
- 40.7239
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
