42 Hempstead Tpke Farmingdale, NY 11735

Property Details for 42 Hempstead Tpke

Year built

1960

Construction

FRAME

Lot size

0.96 lot acres

Property size

1,239 SF

Property type

Retail properties

APN

49-255-00-0013

APU

49255000013

Description

This exceptional mixed-use property presents a unique investment opportunity for discerning buyers. Strategically located on Hempstead Turnpike (Route 24) in Farmingdale, NY, this high-visibility site boasts excellent accessibility with a traffic light at the corner and dedicated turning lanes for both east and westbound traffic. The property's footprint extends to Merritts Road, providing additional ingress and egress points with north/south access and three curb cuts. The substantial 41,630 square foot building currently houses an operational nursery and sits on a 1.61-acre lot (approximately 70,000 square feet), encompassing sections 49, block 255, and lot 13. The property's potential extends beyond its current use, offering significant redevelopment possibilities. This presents a chance to capitalize on the existing cash flow generated by the commercial and residential components. Further enhancing the investment potential, two adjacent residential properties at 40 Hempstead Turnpike (lots #11 and #18 on 100 Merritts Road) are also available for purchase, totaling nearly two acres. Note that tax grievances have been filed on the nursery and both residential homes. This prime location and substantial acreage offer tremendous potential for a variety of uses and significant returns. The property's size and strategic location make it an ideal candidate for expansion or redevelopment.

Location Insight

City

Farmingdale

County

Nassau

State

New York

Longitude

-73.4604

Latitude

40.7301

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments