32 Atlantic Ave, Hempstead, NY 11550-1303
This exceptional 9,431 square foot commercial building, situated on a 10,850 square foot lot at 32 Atlantic Ave in Hempstead, NY, presents a compelling investment or owner-user opportunity. The property boasts a prime location in the heart of Lynbrook Centre, directly on busy Atlantic Avenue, just one block from the Lynbrook LIRR station and midway between Sunrise Highway and Merrick Road. Benefitting from high visibility and excellent signage, the building enjoys a daily traffic count exceeding 4,900 vehicles. The property features 146 parking spaces, high 10-foot ceilings, all new LED lighting, and a skylight, along with 200 amp power and central air conditioning. Currently housing a diverse mix of tenants including a deli, nail salon, cooking school/catering facility, and several second-floor office suites, the property generates substantial annual income. The deli (3,000 sq ft) yields $67,980 annually with a 3% annual increase and lease expiring in 2026
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.