Property profile

275 Hempstead Tpke West Hempstead, NY 11552

OFF-MARKET
Investment properties
Property ID
US63-0047369
200 SF 0.28 ac lot Built 1905
Entity Owned 14-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1,200 square foot storefront retail space is located at 275 Hempstead Turnpike in Nassau County, offering a fantastic opportunity for a single-tenant business. The property is part of a larger 9,500 square foot building, situated on a single story with convenient access to public transportation. The space is currently vacant and ready for immediate occupancy. Nearby amenities include the West Hempstead Fire Department, a barbershop, gym, restaurants, and a Dollar Tree, indicating a vibrant and established local community. Public transportation options are readily available, with the N6 bus line stopping at nearby Maplewood Street and Arden Boulevard, and the LIRR West Hempstead Station a short 10-minute walk away. The property's location on Hempstead Turnpike ensures high visibility and accessibility for customers. While there is no on-site parking, the surrounding residential area and public transportation options provide ample access for patrons. This storefront presents a unique chance to establish or expand a business in a thriving West Hempstead neighborhood. The building features a single story and no elevators. The cross street is Maplewood Street. This is a single-tenant occupancy property.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1905
Construction FRAME
Total area 200 SF
Lot 0.28 ac (12,327 SF)
APN 35-354-00-0138
UPID US63-0047369

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Car Wash
  • (Bike/Boat/Book/etc) Store Home Decor Store
  • Factory Production Facility
  • Government Office

Location

275 Hempstead Tpke West Hempstead, NY 11552-1539
West Hempstead metro Census 406001 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$65k

Owner & transaction history

since 2012
5 recorded transactions
2012
$636,000
2004
$1.0M
2000
$1.9M
1992
$650,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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