40 Hempstead Tpke Farmingdale, NY 11735
- Commercial real estate
Current Use by Public Records
- Todd & Sons Electricians Co / Electrician
Property Details for 40 Hempstead Tpke
- Year built
- 1960
- Property type
- Commercial real estate
Description
This exceptional commercial property presents a unique investment and redevelopment opportunity on the highly visible Hempstead Turnpike (Route 24) in Farmingdale, NY. Boasting excellent accessibility with a traffic light and turning lanes for optimal east and westbound traffic flow, the property also offers additional egress via Merritts Road, providing convenient north/south access. Three curb cuts further enhance accessibility. The almost two-acre site (approximately 70,000 square feet) currently includes a functioning nursery located at 42 Hempstead Turnpike, Section 49, Block 255, Lot 13 (available for separate purchase at $2,600,000), and two residential homes situated at 40 Hempstead Turnpike, Lot #11 and 100 Merritts Road, Lot #18. The property's multi-use zoning allows for diverse redevelopment possibilities, catering to a wide range of commercial ventures. In its current configuration, the property generates cash flow from both commercial and residential operations. Tax grievances have been filed on the nursery and both residential properties (details available upon request). This prime location and versatile property offer tremendous potential for significant returns. The asking price for the entire property is $3,600,000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Farmingdale
- County
- Nassau County
- State
- New York
- Longitude
- -73.4609
- Latitude
- 40.73008
